Bitcoin traded below $80,000 at Friday’s Wall Street open and struggled to hold near $77,000 as US stocks fell. BTC/USD was down 1.1% on the day. At $77,000, it was on track to end October down 7.7%, its worst October since 2014, according to CoinGlass; the monthly loss was not yet final.
The Nasdaq Composite was down 2.5% at around 25,500 at the time of writing, while gold fell as low as $3,891 an ounce. Binance said it would cover losses from a $6.3 billion theft with its own capital. Trading company QCP Capital said tech-sector fears, wider market conditions and the hack had created a period of heightened market repricing.
