By Isaac • October 28, 2026 11:12 pm •
Bitcoin fell below $80,000 during Thursday’s Asian trading session as weakness in technology shares and a hawkish Federal Reserve message pushed investors away from risk. The move erased a two-day rebound and forced another round of leveraged traders out of the market.
CoinDesk put Bitcoin near $79,800 after it had traded above $81,700. The decline followed a sharp drop in Samsung shares after the company’s semiconductor results missed elevated expectations, contributing to a broader selloff across Asian technology stocks and Nasdaq futures.
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That matters because Bitcoin has increasingly traded like a high-beta technology asset when global investors cut exposure to risk. Crypto-specific demand can still drive the market, but on days like this one, the direction
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