Bitcoin nears weekend low of $74,600 as stock selloff adds to crypto's woes

Major declines in artificial-intelligence-linked stocks, software names and private equity are leading U.S. indices lower. What to know : The Tuesday crypto selloff is picking up steam as sizable declines in stocks add to the sector's troubles. AI names, software stocks and private equity are all sharply lower, suggesting all might not be well with the economy and liquidity conditions. Bitwise's Matt Hougan earlier said this isn't a correction, but a full-blown crypto winter.