Bitcoin drops to eight-week low Bitcoin price fell below $76,600 on Thursday, hitting its lowest level in about eight weeks. The heavy selling wave in tech stocks also spread to other risky assets and further weakened the psychological atmosphere prevailing in the cryptocurrency market. The Nasdaq 100 faced a significant decline. The decrease was mainly due to the performance of semiconductor companies, which presented a weaker profit forecast. Also, concerns about the possibility of Democrats taking control of Congress and tightening regulations on the artificial intelligence industry as a result weighed on the tech stock market.