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Live broadcast: Bitcoin once plunged to US$79,000, shaking expectations for "Uptober"

2026-10-09 03:34:32
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Bitcoin plunged sharply to US$79,000 in the short term, with a decline of more than 8% in four days.

As expectations of a market rebound in October were frustrated, Bitcoin prices briefly fell below the US$79,000 mark, recording a decline of more than 8% in just four days. Mainstream assets such as Ethereum, XRP and Solana were weaker and the decline intensified.

Market sentiment is cautious, investors prepare for volatility

Currently, traders are preparing for the upcoming anniversary of the "flash crash" on October 10, and the market expects that subsequent market volatility may intensify further.

U.S. stocks are under pressure, with a double blow from soaring oil prices and selling of technology stocks

Affected by high oil prices and selling of technology stocks, U.S. stocks generally fell. The Nasdaq fell 1.2%, and the S & P 500 fell 0.6%.

Geopolitical risks push up oil prices, and U.S. bond yields fall back at high levels

Against the backdrop of escalating geopolitical tensions, Trump's remarks about Iran triggered market concerns about the risk of conflict, pushing crude oil prices up sharply by 4%. At the same time, U.S. Treasury yields fell back after hitting a 24-year high, easing market risk aversion.

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