Bitcoin Drops to $81,400 as Tesla and Meta Earnings Weigh on Tech Stocks

Key Facts

1Bitcoin fell approximately 3% to reach levels near $81,400 on Thursday.

2The cryptocurrency's decline coincided with a slide in Nasdaq futures following Tesla and Meta results.

Bitcoin fell approximately 3% to reach levels near $81,400 on Thursday. CoinMarketCap reported that the cryptocurrency's decline coincided with a slide in Nasdaq futures following the release of quarterly results from Tesla and Meta.

TSLA closed at $386.47 and META closed at $697.52 on October 21, 2026, weighing on broader technology sentiment. The current price action brings Bitcoin close to the average cost basis for US spot ETF holders, which sits between $80,000 and $81,500.

Market participants are looking ahead to the Federal Reserve Interest Rate Decision on October 28, 2026, with forecasts suggesting rates will remain at 4%.