Bitcoin Nears $77K as Tech Sell-Off Spreads to Gold, Risking Worst October in 12 Years

Bitcoin traded near $77,000 on Wednesday as a broad sell-off in technology stocks spilled over into crypto and even gold, which hit its lowest level in a year. The flagship cryptocurrency is on track for its worst October performance since 2013, down more than 20% from its October peak, according to market data. The downturn comes as investors flee risk assets amid rising Treasury yields and a stronger dollar, which have pressured both digital and traditional safe havens. Gold’s drop below key support levels underscores how macro forces are dominating price action across asset classes. With no immediate crypto-specific catalyst in sight, Bitcoin’s trajectory remains tightly coupled to equity market sentiment and Federal Reserve policy expectations. A decisive break below $75,000 could accelerate losses, while a recovery above $80,000 would signal renewed confidence among dip buyers.