Bitcoin Rebounds to $76,000 After Tech Rout as ETFs Shed $430 Million

Bitcoin climbed back above the $76,000 mark on Friday, recovering from a sharp drop that briefly pushed the cryptocurrency below that threshold during Thursday's technology-led market selloff. The rebound offers some relief to investors after a turbulent session that saw risk assets broadly decline, with the tech-heavy Nasdaq leading losses. The crypto market's dip came amid a wider flight from speculative investments, as concerns over high valuations and rising bond yields prompted traders to reduce exposure. Bitcoin's ability to reclaim the $76,000 level suggests underlying demand remains resilient, even as volatility persists. Meanwhile, U.S. spot Bitcoin exchange-traded funds (ETFs) experienced significant outflows totaling $430 million, signaling that institutional investors were also trimming positions during the downturn. The outflows mark one of the largest single-day withdrawals from these products in recent weeks, underscoring the sensitivity of crypto-linked investment vehicles to shifts in market sentiment. Despite the pullback, Bitcoin has still posted substantial gains over the past year, driven by growing mainstream adoption and the approval of spot ETFs. The recovery above $76,000 may provide a psychological boost, but traders remain cautious as macroeconomic uncertainties, including inflation data and Federal Reserve policy signals, continue to influence digital asset prices. Looking ahead, market participants will watch whether ETF flows stabilize and if Bitcoin can sustain momentum above this key level in the coming sessions.