Bitcoin risks worst October in 12 years as tech sell-off spreads to gold

Bitcoin (BTC) stayed under pressure below $80,000 at Friday’s Wall Street open as AI fears returned to intensify a broader risk-asset rout.Key points:Bitcoin struggled to hold around $77,000 as risk assets fell across the board at the US open.The Nasdaq Composite Index fell to 25,500, its lowest levels since early August, while gold dropped to $3,891 per ounce for the first time since October 2025.BTC/USD risked sealing October losses or 7.7%, the most since 2014.Tech contagion ramps up as Nasdaq drops 2.5%Data from TradingView showed BTC/USD down 1.1% on the day after dropping to its lowest levels since Sept. 18.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewUS stock markets opened sharply lower as traders reacted to weak forward guidance from tech giants. Intel, which on Thursday warned of weaker Q4 sales than markets had anticipated, saw its stock price drop by nearly 30% on Friday’s open.The sell-off weighed on both tech giants and chipmakers, with analysis warning of fresh challenges to AI-sector confidence. “With renewed fears over AI Monetization, the Equity rotation is likely to continue today but the broader indices will reflect Tech’s downside,” JPMorgan wrote i...