Traders watch bitcoin 'golden cross' as BTC slides to near $75,000, ZEC dives 9%

A technical setup brewing on the bitcoin chart could decide which way the market breaks next, with the largest cryptocurrency sliding even as global equities hit record highs. What to know : Bitcoin fell to about $75,500 even as global stocks hit record highs, widening a recent divergence between crypto and equities. Traders are focused on an impending golden cross in bitcoin’s moving averages and key resistance around $2,400 in ether, signals that could set crypto’s direction in coming weeks. U.S. spot bitcoin ETFs have seen $1.74 billion in outflows as retail traders add leverage, raising the risk of sharp liquidations despite new SEC-approved bitcoin index options aimed at institutions.