Bitcoin remained under pressure on Friday, trading below $80,000 as US equity and precious metals markets experienced broad declines at the Wall Street open. Renewed concerns about artificial intelligence sharply impacted risk assets, driving a pronounced market sell-off.
Wall Street Sell-Off and Market Reactions
Bitcoin hovered near the $77,000 level as US markets opened with significant losses. The tech-focused Nasdaq Composite Index dropped to approximately 25,500, its lowest point since early August. Gold also declined, falling to $3,891 per ounce—marking its weakest price since October 2025.
TradingView data indicated that BTC/USD was down 1.1% for the day after reaching its lowest value since September 18. The one-hour Bitcoin chart reflected ongoing selling pressure, with risk sentiment undermined across the entire market.
US tech stocks led the decline after major companies reported disappointing forward guidance. Intel, one of the world’s largest semiconductor manufacturers, triggered further losses in the sector following a warning of weaker-than-expected Q4 sales. Intel shares fell almost 30% at Friday’s open.
The sharp downturn extended to other tech giants and chipmakers, fueling deeper concerns about the sustainability of current valuations in the artificial intelligence sector.
JPMorgan analysts stated that rising concerns about AI monetization would likely drive further rotation out of tech stocks, and that broad indices were expected to mirror the tech sector’s downside.
Alongside declining equities, the sell-off spread to the commodities market. Gold’s move to $3,891 per ounce signaled additional risk-off sentiment among investors.
| Asset | Current Price | Lowest Level Since |
|---|---|---|
| Bitcoin (BTC) | $77,000 | September 18, 2025 |
| Nasdaq Composite | 25,500 | August 3, 2025 |
| Gold (XAU/USD) | $3,891/oz | October 2025 |
Binance Hack Fallout Adds to Crypto Pressure
Amid these declines, the crypto sector continued to feel the impact of a multi-billion dollar hack at Binance, the world’s largest cryptocurrency exchange by trading volume. The platform reported that $6.3 billion in coins and tokens were stolen, but stated it would fully compensate users using its own funds.
A Binance spokesperson confirmed that the company currently held $5 billion in matching tokens available for reimbursement.
QCP Capital, a major trading firm, highlighted that global macroeconomic uncertainty, renewed technology sector concerns, and the events surrounding Binance had created “a period of heightened market repricing.”
QCP Capital’s analysis noted that future technology sector spending, especially on artificial intelligence infrastructure, would continue to play a crucial role in shaping investor expectations and overall profitability.
At the close of trading near $77,000, Bitcoin was on track to record a 7.7% decline for October. According to data from analytics platform CoinGlass, this marked Bitcoin’s worst October performance since 2014.
