Bitcoin fell below $76,000 on Friday as a sharp sell-off in AI and technology stocks dragged down crypto markets and triggered more than $1 billion in liquidations. Bitcoin stood at $75,517, down 5.94%, while Ethereum traded at $2,226, down 7.79%.
Why it matters
The sell-off reached across major crypto assets, with Ethereum posting a larger percentage decline than Bitcoin. The crypto market's total capitalization stood at $2.65 trillion, and Bitcoin dominance was 57.4%.
Market impact
The Fear & Greed Index registered 28, indicating fear, while the Altcoin Index stood at 44 out of 100. Liquidations exceeded $1 billion as the market fell.
Source: [source](https://webappcsdfedsssd.controller.bot/media/files/8336652911/AgACAgIAAxkBAAJa1Wrti3X82EQwEoZ80Hamydwkj135AAJUIGsbPItpSyrdzsYzGHcBAQADAgADeQADPQQ?sig=kuXgqbmX4Ta5ktJKiD9XG3TZzxd0LKwIfZAC2K2tpmE)
Frequently asked questions
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What accompanied Bitcoin's drop below $76,000?
A sharp sell-off in AI and technology stocks dragged down crypto markets, triggering more than $1 billion in liquidations.
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How did Ethereum perform compared with Bitcoin?
Ethereum traded at $2,226, down 7.79%, while Bitcoin stood at $75,517, down 5.94%. Ethereum's percentage decline was larger.
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What did the Fear & Greed Index indicate?
The index registered 28, indicating fear.
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What were crypto market capitalization and Bitcoin dominance?
Total crypto market capitalization stood at $2.65 trillion, and Bitcoin dominance was 57.4%.
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Where did the Altcoin Index stand during the sell-off?
The Altcoin Index stood at 44 out of 100.
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