Bitcoin drops to near $80,000 as flash crash anniversary approaches
Bitcoin falls 4% to one-month low near $80,000
Bitcoin dropped 4% on Thursday to around $80,000, marking a one-month low. The sell-off accelerated after the cryptocurrency had nearly reached $87,000 just four days earlier, representing a decline of more than 8% in that short span.
The broader crypto market faced steeper losses. Ether and XRP fell about 6% over 24 hours, while Solana dropped 9%. All three were down double-digit percentages for the week.
Key numbers
- Bitcoin trading near $81,964, down 1.46%
- Bitcoin down over 8% from its high of ~$87,000 four days ago
- Ether down 3.89%, XRP down 2.74%, Solana down 5.71%
- October 10, 2025 flash crash saw Bitcoin plunge from ~$122,000 to ~$105,000 within minutes
Flash crash anniversary looms
The selling comes just before the one-year anniversary of the October 10, 2025 flash crash. On that day, Bitcoin — which had hit a record above $126,000 only days earlier — tumbled from about $122,000 to $105,000, with much of the drop happening in minutes during thin Friday evening trading (U.S. time). On some exchanges, prices fell even lower.
Other pressures weigh on crypto
Rising oil prices and higher interest rates are adding to the negative outlook for risk assets like Bitcoin. Market participants are also facing regulatory uncertainty following the failure of the Clarity Act and the upcoming midterm elections, which could shift the balance of power in Washington.
Institutional confidence is growing
Despite the recent price declines, a State Street survey of 300 asset managers, asset owners, and wealth managers published Tuesday found that about 51% of respondents expect digital assets to become mainstream within five years, up from just 11% in 2024.
The survey also found that institutions currently hold an average of 11% of their portfolios in digital assets and expect that share to rise over the next three years, signaling growing adoption even as prices struggle to break higher.
What is confirmed
- Bitcoin fell to around $80,000 on October 8, 2026
- The crash anniversary of October 10, 2025 is approaching
- Other major cryptocurrencies declined more sharply than Bitcoin
- A State Street survey found rising institutional optimism about digital assets
What is still unclear
The exact cause of the October 2025 flash crash was not detailed in the source material. The impact of rising oil prices, interest rates, and regulatory uncertainty on crypto prices remains uncertain.
Why this matters for crypto investors
The upcoming anniversary is drawing attention to past market volatility, while current macro conditions and regulatory headwinds are testing investor sentiment. However, institutional surveys suggest long-term confidence in digital assets is strengthening even as short-term prices face pressure.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.