Bitcoin fell toward the $77,000 level right at the Wall Street opening bell on Friday (10/30/2026). The drop pushed Bitcoin’s price to its lowest level in over a month, specifically since September 18, 2026.
The move around $77,000 also locked in a bleak monthly record. According to CoinGlass data, Bitcoin is now on track to close October 2026 with a 7.7% decline. This marks Bitcoin’s worst October performance since 2014.
This correction came from two fronts at once. Selling pressure in the crypto market unfolded alongside weakness in U.S. stock markets and liquidity uncertainty from within the industry.
Why Tech Stocks Are Dragging Down Crypto
The sell-off in the crypto market was triggered by sharp losses on Wall Street. Investor sentiment soured following disappointing fourth-quarter earnings guidance from several major tech companies. The tech sector’s decline was led by a plunge in Intel shares, which tumbled nearly 30% on the same day.
Pressure in the tech sector dragged the benchmark Nasdaq Composite down 2.5% to around the 25,500 level, its lowest point since August 3, 2026. The tech sell-off came as market participants renewed concerns over the monetization of artificial intelligence (AI) infrastructure.
Gold Slips to One-Year Low
Risk contagion from Wall Street not only hit crypto assets, but also spread to precious metals. Gold prices weakened to touch $3,891 per troy ounce during the same period.
The $3,891 per troy ounce mark represents gold’s lowest price level in the past year. The drop in gold prices underscores that asset sell-offs occurred across multiple financial market instruments simultaneously.
Lingering Liquidity Strain From Binance Case
Beyond shocks from equity and commodity markets, the crypto market continues to bear pressure from within its own ecosystem. An earlier $6.3 billion breach of the Binance exchange continues to drive liquidity uncertainty across trading desks.
This pressured market environment was summarized by QCP Capital. The trading firm noted that a combination of macroeconomic conditions, tech sector concerns, and the fallout from the Binance breach has created an intense period of market repricing for all industry participants.
For crypto market participants, the slide toward $77,000 shows that Bitcoin is not immune to macroeconomic turmoil or internal industry vulnerabilities. Amid an ongoing intense price adjustment period, closely monitoring liquidity availability has become a critical step before making portfolio decisions.
Dilansir dari Cointelegraph.
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
