CryptoMediumUpdated•Originally published 8 October 2026•Updated 8 October 2026•
1 min read
Bitcoin Slumps to $79,000 Level as Crypto Market Losses Deepen
Key Facts
1Bitcoin price fell below the $81,000 level, triggering $489 million in market liquidations.
2Altcoins including XRP and Dogecoin plunged 7% amid fears of an Iran strike and signals from the Federal Reserve.
Bitcoin BTC price briefly crashed to the $79,000 level, marking a loss of more than 8% over a four-day period. Benzinga reported that the cryptocurrency market lost approximately $200 billion in total value as the sell-off triggered $489 million in liquidations.
The decline on October 8, 2026, was driven by US wallet movements and escalating geopolitical tensions. Altcoins including XRP and Dogecoin plunged 7% as hawkish signals from the Federal Reserve Fed weighed on investor sentiment amid heightened macro risks.