Bitcoin Near $77,000 Faces Potential Worst October in Over a Decade

Bitcoin hovered around $77,000 on Friday as tech stocks sold off, putting the cryptocurrency on track for a 7.7% October loss, its steepest since 2014.

NationPulse Desk

Oct 31, 2026 · 11:47 PM 1 min read

Key takeaways

Bitcoin hovered near $77,000 on Friday, down 1.1% for the day.

The Nasdaq Composite dropped 2.5% to around 25,500, its lowest since early August.

Gold fell to $3,891 per ounce, the lowest price in a year.

Intel shares fell nearly 30% after warning of weaker fourth-quarter sales.

A reported $6.3 billion Binance hack added to crypto market concerns.

Bitcoin stayed under pressure near $77,000 on Friday as a sell-off in technology stocks spread to global risk assets. The digital currency slipped 1.1% during the session, while the Nasdaq Composite fell 2.5% to about 25,500, its lowest since early August. Gold also weakened, dropping to $3,891 per ounce, the lowest level in a year.

The wider market decline came after renewed worries about AI-sector profitability and weaker-than-expected sales guidance from major tech firms. Intel shares tumbled nearly 30% after the company warned of softer fourth-quarter sales, adding strain to technology stocks and chipmakers.

Bitcoin also dealt with uncertainty after reports of a $6.3 billion Binance hack, heightening concerns across the crypto market. Binance said it would cover the losses with its own funds, and QCP Capital warned that macro pressures, tech-sector worries and the exchange incident had sparked a period of heightened market repricing.

At roughly $77,000, Bitcoin was on pace to close October down 7.7%, marking its weakest October performance since 2014, according to CoinGlass data. Gold's slide and tech-stock weakness further underscored the broader pressure on risk-sensitive assets.