COINTELEGRAPH · 2026-10-30 16:07 UTC

Bitcoin risks worst October in 12 years as tech sell-off spreads to gold

Bitcoin fell below $80,000 as AI fears triggered a broader tech sell-off, with the Nasdaq Composite dropping 2.5% to 25,500, its lowest since early August. Gold also declined to $3,891 per ounce, its weakest level in a year, as contagion spread from equities to precious metals. Bitcoin is on track for a 7.7% October loss, its worst performance since 2014, compounded by a $6.3 billion Binance hack and concerns over AI monetization.

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