CryptoMedium•9 October 2026•
1 min read
Bitcoin Tumbles Toward $80,000 Amid ETF Outflows and Oil Price Shock
Key Facts
1Bitcoin price dropped as low as $80,432 as selling pressure accelerated across digital asset markets.
2Cryptocurrencies were hit by rising oil prices, elevated US bond yields, and accelerating withdrawals from crypto ETFs.
Bitcoin price dropped as low as $80,432 as selling pressure accelerated across digital asset markets. Proactive Investors reported that cryptocurrencies were hit by rising oil prices, elevated US bond yields, and accelerating withdrawals from spot crypto ETFs.
US spot Bitcoin ETFs recorded approximately $485 million in net withdrawals, marking the largest daily outflow since June, with funds from BlackRock and Fidelity among those affected. In broader markets, Brent crude surged above $104 a barrel, while the 10-year Treasury yield stood at 5.23% on October 9, 2026, increasing the competitiveness of government debt over speculative assets.