Bitcoin faces second red October as Nasdaq drops 2.9%

Bitcoin has fallen toward $77,000 heading into October’s final session, as a selloff in U.S. technology stocks and gold has deepened losses during a month traders usually associate with gains. Summary Bitcoin is approaching a second consecutive October loss after falling 3.95% in October 2025. The Nasdaq closed Friday down 2.9%, sitting 7.8% below its October 6 record closing high. Gold fell below $3,900 an ounce while Brent crude settled above $117 a barrel. Weak U.S. spot demand has weighed on Bitcoin, although some researchers maintain their bullish views. According to Reuters, Bitcoin touched $77,646 on Oct. 30 after Binance disclosed a security incident, while Ether slipped to $2,238.76 and BNB traded at $694, down more than 8% over 24 hours. The declines arrived alongside heavy selling on Wall Street, where concerns about artificial intelligence spending hit technology shares. By Friday’s close, the Nasdaq had lost 2.9% and stood 7.8% below its Oct. 6 record closing high. Bitcoin’s red October follows last year’s loss October’s reputation as “Uptober” rests on a strong historical record, but Bitcoin entered the final day of this month facing another negative finish. CoinGlass...