Bitcoin Slides Toward $75,500 After Post-Election Surge Above $81,000 Reverses Amid Tech Selloff

Bitcoin retreated toward $75,500 after reversing an initial post-election rally that pushed prices above $81,000. The decline coincided with broader risk-off sentiment and a $2 trillion tech selloff sparked by data center concerns. The downturn followed a sharp surge from $77,000 after Democrats won control of both chambers of Congress in the US midterms. While critic Peter Schiff declared the political shift would pop the cryptocurrency bubble, US spot Bitcoin ETFs still registered $74.6 million in net inflows immediately following the vote.