Bitcoin experienced a sharp decline on October 8, 2026, hitting a nearly three-week low of $82,227 before recovering slightly to hover around $82,533. This represents a 1.82 percent drop over the past 24 hours and a 1.69 percent decrease over the past week. The sell-off was attributed to higher real yields and a stronger dollar, which have dampened investor appetite for risk assets like Bitcoin.
Other major cryptocurrencies also saw mixed movements. Ethereum was trading around $2,559, BNB at $766.52, XRP at $1.40, Solana at $114.84, Hyperliquid at $86.95, and Zcash at $1,241.18. Among the top gainers were Raydium, Jupiter, and Curve DAO Token, while Sky, Midnight, ether.fi, and Venice Token experienced significant declines.
The total market capitalization of cryptocurrencies stood near $2.83 trillion, with a 24-hour trading volume of approximately $106.84 billion. The Fear and Greed Index remained in the “Greed” zone at 60, despite the recent pullback. Additionally, Crypto ETFs recorded net outflows of about $213.4 million on October 7.
Experts advised caution, with Avinash Shekhar of Pi42 emphasizing the importance of Bitcoin holding the $82,000 to $83,000 range for a sustained recovery. Vikram Subburaj of Giottus recommended staggered buying and smaller position sizes, urging investors to watch key support levels and upcoming US inflation data before making larger investments.