NASDAQ 100 drops 4%, erasing $1.3T; Bitcoin falls below $77K

Bitcoin and the Nasdaq are being watched together because both sit at the center of the same risk-on trade. When U.S. technology shares weaken, Bitcoin often becomes part of the same conversation in market coverage, and this episode arrived at the end of October, a month traders often watch closely. Here, the focus is not on a protocol change or a policy move, but on a broad market slide that put crypto back in the same frame as big-cap U.S. equities.

For traders and builders, a joint selloff in Nasdaq stocks and Bitcoin narrows room for assuming that crypto is insulated from moves in mainstream markets. That matters for anyone using Bitcoin as a treasury asset, collateral, or trading position, because the asset is being read alongside tech-sector sentiment rather than on crypto-only headlines. The same move also shows how quickly a risk-off session in U.S. equities can spill into digital assets even without any crypto-specific announcement.

The larger issue is the still-awkward overlap between Bitcoin’s own narrative and the equity-market cycle. Bitcoin is often promoted as a separate asset class, yet these sessions keep tying it back to Nasdaq weakness and broader risk appetite. That tension matters because it complicates the claim that crypto follows its own schedule, especially when October, a month many traders treat as seasonally important, ends under pressure.

Still open is whether this is a short-lived pullback or the start of a longer reset across tech and crypto. The next clean read would come from how Bitcoin trades into November and whether the Nasdaq’s weakness persists beyond this late-October session. No figure here settles that on its own, and neither report gives a forward path beyond the day’s move.