Yahoo Crypto Market • October 8th 2026, 8:17 PM
Bitcoin Falls Below $82,000; Cardano, Solana Lead Altcoin Losses
Key Summary
Bitcoin fell below $82,000, leading a 4.4% drop in the CoinDesk Market Index, as altcoins such as Cardano and Solana took steeper hits. Rising oil prices and elevated US Treasury yields have weighed on risk assets, drawing selling pressure into the crypto market. The total value of the crypto market shrank 2.7% to $2.76 trillion.
Please see our real time news feed on our Home Page
Market Decline
Bitcoin dropped below $82,000 on Thursday, leading a broad pullback across the largest cryptocurrencies. The CoinDesk Market Index, which tracks dozens of digital assets, fell 4.4% over 24 hours. Bitcoin lost 2.1% to $81,658, per CoinMarketCap data, while its 24-hour trading volume climbed 21% to $46.2 billion. Ether slid 4.3% to $2,459.Altcoin Impacts
Altcoins took steeper hits. Cardano's ADA tumbled 9.6%, Solana's SOL gave up 6%, BNB shed 5.4% and Dogecoin lost 5.5%. XRP declined 3.7%. Leveraged trading magnified the decline. Roughly $1 billion in positions were liquidated over 24 hours, according to CoinGlass data, with long bets making up the vast majority and Ether accounting for the largest share, followed by Bitcoin.Market Pressures
Traders were also weighing rising oil prices tied to Middle East tensions, elevated US Treasury yields and continued outflows from spot crypto exchange-traded funds, pressures that have weighed on risk assets more broadly this week. The total value of the crypto market shrank 2.7% to $2.76 trillion, while trading volume rose 16% to $120.5 billion, a sign selling pressure drew heavier activity.#Bitcoin#US#Crypto#SEC#Altcoins