Bitcoin dropped below $80,000, slipping as much as 1.4% to under $79,300 and trading near its 30-day low of $79,107, and is down 4.1% so far in October. The decline coincided with an AI and tech stock selloff on October 22, when the Nasdaq Composite fell 2.6% and the S&P 500 fell 1.2%, amid worries about rising borrowing costs for data centers and AI chips. The article notes that systematic funds often group Bitcoin with risky assets, and U.S. spot Bitcoin ETFs saw net outflows of about $773 million over October 22 and 23. The 21-day correlation between Bitcoin and the Invesco QQQ Trust rose to 0.67, versus 0.38 over 63 trading days, though QQQ is up 15.2% in 2026 while Bitcoin is down 8.4%.
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Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/25/2026 | 80,154.09 |
| Change that session | -0.91% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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