Bitcoin hovered around $77,000 at the Friday Wall Street open as risk assets sold off, with the Nasdaq Composite falling 2.5% to about 25,500 on renewed AI concerns and weak guidance from tech firms such as Intel, whose stock dropped nearly 30%. Gold fell to $3,891 per ounce, its weakest in a year, as the rout spread beyond stocks. Bitcoin was on track to close October 7.7% lower, its worst October performance since 2014, according to CoinGlass. Crypto markets were also dealing with the aftermath of the $6.3 billion Binance hack, with Binance saying it would cover the losses and had $5 billion in matching tokens available. QCP Capital said macro conditions, tech-sector fears and the hack had created a period of heightened market repricing.
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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 10/29/2026 | 77,991.89 |
| Change that session | -4.12% |
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 10/29/2026 | 4,021.63 |
| Change that session | -1.13% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/29/2026 | 4,014.37 |
| Change that session | -1.02% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.2B |
| Close on 10/29/2026 | 4,007.09 |
| Change that session | -1.03% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 715.33 |
| Change that session | -1.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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