{
  "id": 17252188,
  "title": "Bitcoin risks worst October in 12 years as tech sell-off spreads to gold",
  "url": "https://urgent.news/2026/10/30/bitcoin-risks-worst-october-in-12-years-as-tech-sell-off-spreads-to",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T16:06:28.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/markets/bitcoin-risks-worst-october-in-12-years-as-tech-sell-off-spreads-to-gold"
  },
  "original_language": "en",
  "account": "Bitcoin hovered around $77,000 as the crypto markets navigated a downward trend in US stock markets, while the price of gold slipped to its lowest level in a year. Bitcoin (BTC) struggled to stay above $80,000 at the beginning of the trading week on Wall Street, as concerns about artificial intelligence resurfaced, further intensifying an overall decline in risk assets. TradingView's data revealed that BTC/USD fell by 1.1% for the day after reaching its lowest point since September 18. The one-hour chart of BTC/USD is available on Cointelegraph/TradingView.\n\nAs US stock markets opened significantly lower due to weak forward guidance from major tech companies, Intel's stock price plummeted by nearly 30% during Friday's trading session. This sell-off affected both tech giants and chipmakers, raising concerns over the future of AI-sector confidence. JPMorgan analysts warned of ongoing equity rotation, which could continue as broader indices reflect the tech sector's decline. According to CNBC, the Nasdaq Composite Index dropped by 2.5% to around 25,500, a level last observed on August 3.\n\nThe impact of the tech sell-off extended beyond the stock market, touching precious metals like gold, which plummeted to $3,891 per ounce, marking its weakest point in a year. The one-week chart of XAU/USD is also available on Cointelegraph/TradingView. Despite the Binance, the largest cryptocurrency exchange, handling a multi-million-dollar hack, it stated that it would cover the losses using its own capital. Binance mentioned having $5 billion in matching tokens available for the insured losses.\n\nCommenting on the future outlook for cryptocurrencies, trading firm QCP Capital expressed that macro conditions, tech-sector uncertainties, and the Binance hack have \"created a period of heightened market repricing.\" The firm emphasized that technology sector earnings guidance regarding future capital expenditure will remain a crucial factor in understanding the pace of artificial intelligence infrastructure investment and expected profitability. As of now, with Bitcoin trading at $77,000, the cryptocurrency has closed the month 7.7% lower, marking its worst October performance since 2014, based on CoinGlass data.",
  "summary": "Bitcoin circled $77,000 as crypto markets navigated US stock-market downside, while the gold price fell to its lowest in a year.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}