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Bitcoin Falls to $77.8K After Tech Sell-Off
Why did Bitcoin fall 7% in October?
Bitcoin (BTC) sits near $77.8K after falling 7.3% in October, its second straight losing October, as a Friday tech sell-off and a $6.3B Binance hack hit crypto.
Key numbers
| Bitcoin October loss | 7.3%close near $77.4K; outlets report 7.1%–7.5% [6] |
|---|---|
| Spot gold, Oct 30 | $3,881-3.5%, lowest since Oct 2025 |
| US Bitcoin fund flows, Oct 30 | -$643Mlargest daily outflow of October |
| Nasdaq Composite, Oct 30 | -2.9%S&P 500 -1.8% |
| Total crypto market value | $2.7Tfrom $3T, about -10% in October |
What happened
Bitcoin (BTC) sits near $77.8K after falling 7.3% in October, its second straight losing October, as a Friday tech sell-off and a $6.3B Binance hack hit crypto. Gold, often seen as a safe place in rough markets, also fell 3.5% on Friday to about $3,881 an ounce, its lowest price in a year. Hackers took about $6.3 billion from crypto exchange Binance, and US Bitcoin funds lost $643 million in one day. The Nasdaq fell 2.9% that day on worries that AI spending may not pay off.
Why it matters
Bitcoin's second weak October in a row shows it is moving with risky tech stocks rather than acting as a safe place to hide. Gold also fell, which suggests some investors sold nearly everything at once to cover losses. Higher oil prices and talk of Federal Reserve interest-rate hikes are adding pressure on both assets.
Who this affects
- MarketbearishHigh impact
- Stock, crypto and gold holders all took losses on Friday.
- CompanybearishMedium impact
- Bitcoin holders face a second losing October in a row.
- CompetitorsbearishMedium impact
- Ether fell about 15% over 30 days, more than Bitcoin.
- IndustrybearishMedium impact
- Crypto firms face weaker trust after the $6.3B Binance hack.
Bitcoin vs Ether, Solana, Gold
How we got here
Hackers drain about $6.3 billion from crypto exchange Binance.
Tech sell-off hits Nasdaq; gold falls to one-year low; Bitcoin dips below $77,000.
Bitcoin ends October down about 7.3%, near $77.4K.
Bitcoin trades near $78.4K, up about 1% on the day.
What to watch
- Whether Bitcoin climbs back to $80,000, a level analysts flag for recovery.2026-11-30
- US Bitcoin fund flows after the $643 million one-day outflow.2026-11-09
- Whether gold holds near $3,884, its October 2025 low.Q4 2026
Educational content only. Not investment advice.
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