News
Bitcoin faces worst October since 2014 as tech sell‑off drags gold lower
Bitcoin hovered around $77,000, down 1.1% on the day and near its lowest level since September 18. At that price it was set to end the month 7.7% lower, marking its worst October performance since 2014, according to CoinGlass data. US stock markets opened sharply lower after Intel warned of weaker fourth‑quarter sales, pushing the Nasdaq Composite 2.5% down to about 25,500, a level not seen since August 3. Gold fell to $3,891 per ounce, its weakest price in a year, as the sell‑off spread to precious metals. The article also noted ongoing market pressure from the recent multi‑billion‑dollar Binance hack.