Bitcoin briefly fell to $79,000, Uptober excited yet frustrated
2026-10-09 10:01:03
According to CoinMeta, as reported by Cryptopolitan, Bitcoin briefly fell to $79,000, losing more than 8% in just four days, which dampened hopes for a rebound in October. Ethereum, XRP, and Solana suffered even more severe losses, with traders preparing to face further volatility ahead of the one-year anniversary of the flash crash on October 10th. The U.S. stock market declined due to high oil prices and selling off in technology stocks; the Nasdaq index fell 1.2%, and the S&P 500 index dropped 0.6%. Under Trump's threats of war against Iran, oil prices rose by 4%, while Treasury yields retreated after hitting a 24-year high.
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Source:Cryptopolitan
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