Bitcoin
Top Reasons Why the Crypto Market Is Going Down Today
CoinGape·October 7, 2026·1 min read
The crypto market fell sharply on Wednesday, Oct. 7, as a macro-driven risk reversal triggered widespread selling. Total capitalization declined 3% over 24 hours to $2.85 trillion. Bitcoin slid toward $83,716, while Ethereum and XRP extended losses. Rising oil, Treasury yields, and the dollar reduced appetite for leveraged positions.
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