Bitcoin recovers near $76,000 after $1bn crypto liquidations
The top digital asset steadied around $75,997 after dropping to $75,200 during Thursday's AI‑driven selloff. Traders now look to the upcoming U.S. jobs report for clues.
Key takeaways
- 1Bitcoin recovered to $75,997 after falling to $75,200 during Thursday's selloff.
- 2More than $1 billion in crypto positions were liquidated as margin trades were closed.
Bitcoin traded around $75,997 on Friday after bouncing back from a low near $75,200 on Thursday. CoinDesk said the move came as market participants turned their attention to the pending U.S. jobs figures. YourKhabri data showed the coin down 5.4 % in 24 hours, with a market value of $1.53 trillion at 11:40 UTC.
The selloff on Thursday wiped out more than $1 billion in crypto positions as exchanges forced closures on margin‑based trades. CoinDesk linked the sharp decline to a broader pullback in artificial‑intelligence‑related technology stocks.
Bitcoin is the first cryptocurrency and remains the benchmark for the sector. Its price swings often trigger chain reactions across derivative markets, where traders use borrowed funds to amplify exposure to price moves.
With the U.S. employment report due later this week, investors will watch whether the data supports a risk‑on or risk‑off stance. The outcome could shape sentiment in both traditional and digital asset markets.
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Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.