Bitcoin falls 3% as altcoin losses deepen

The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day. 5%. 2%.

3% this year. Unlike previous energy shocks that benefited Gulf oil exporters, disruption to the Strait of Hormuz has reduced export volumes and government revenue, while heightened uncertainty is weighing on financial markets and business sentiment, the World Bank says. com says. That's limiting financing options for buyers of lower-priced homes.

Small mortgages represented more than 12% of all home loans originated in 2013 and 2014, but less than 3% in 2025 and 2026. The decline reflects both a shrinking pool of low-priced homes and persistent barriers to originating smaller loans. Small mortgages are most prevalent in lower-cost and rural areas. 5%.

The borrowers using small mortgages don't appear to present weaker credit profiles. The median purchase price for homes financed with small mortgages was $109,681 in 2026. com) 1146 ET - Morgan Stanley analysts are giving Roblox's AI game-creation tool their stamp of approval. The analyst gained access to the tool last month, and since then have had the opportunity to use natural-language prompts to create, modify and publish playable games directly in the Roblox app.

"While the product remains in beta, >100k people have already used Build to make games across three test markets, and we can see why," they say in a research note. The analysts expect the new tool to lower the barrier to make games, thereby expanding both the number of creators and the supply of playable games. Now, Roblox just has to work on getting the right games in front of the right players, they say, and the company can emerge as a leader in the AI-driven future of game development. com) 1139 ET - Recent buyers of Bitcoin used the cryptocurrency's latest price run-up to sell and lock in quick profits, according to an analysis by Glassnode.

On Sunday, 86% of bitcoin that moved onto exchanges, a move that typically comes when a crypto asset will be sold, came from short-term holders, the analysts say. That's the highest level in more than a year, they say. If this kind of quick-profit selling continues, it will create a wall of supply at the $85,000 level that will be hard to push past, the analysts say. If Bitcoin slips into the $81,700 to $83,300 range, traders that made leveraged bets on the price to go up will have to sell to cover their losses, pushing the price even lower, the analysts say.

com) 1135 ET - Italy's premier stock index wipes out its summer gains, falling to lows last seen in June as tumbling banking and AI-linked stocks weigh. 7%. Banks also drop sharply as higher oil prices and fiscal concerns weigh on the broader European sector. 4%.

8%. 7%, on track to close at its lowest level since June 5. com) 1102 ET - France's CAC 40 index of blue-chip stocks falls to its lowest level since March as inflation fears, higher oil prices and a tech selloff combine to weigh on the index. Banks lead a sharp fall in the index, as heightened concerns about France's budget deficit put upward pressure on French borrowing costs.

3%. The index also suffers from a selloff in AI-related stocks. 3%. com) 1102 ET - Strength seen in altcoins -- cryptocurrencies outside of bitcoin or stablecoins -- has quickly faded in the early days of October, with most major cryptocurrencies posting big losses in morning trade.

Altcoins are now amplifying losses seen in bitcoin, says analysts with Glassnode in a note. The firm attributes this to the leverage built up around many mid-cap and small-cap tokens, with these coins carrying open interest that is high in comparison to their total market capitalization -- a sign of a potential unwind ahead, says Glassnode. 84. com) 1056 ET - Power utilities will remain critical for the expansion of AI infrastructure despite the growing number of dedicated electricity generators being built near data centers, Joseph DeCampo, a managing director at investment bank Moelis & Company, says during an industry conference.

"While they may start off as behind-the-meter or off-grid projects, data centers ultimately would like to be tied into the grid," DeCampo says. Data centers would be reluctant to rely on off-the-grid power installations alone partly because of their high reliability requirements, other panelists say. That puts utilities in the best position to benefit from surging demand for electricity to power AI systems, DeCampo says. "[Utilities] understand the grid better than anybody out there," he says.

com; @lhvgarcia) 1046 ET - European bank shares fall on Wednesday as bonds sell off again and sour risk sentiment. 4%, reducing its year-to-date gain to 13%. 8%. "The head of the French central bank said that the ECB does not need to step in to stabilize French bonds, which is spooking investors and triggered this sell off," XTB's Kathleen Brooks says.

France's budget talks and nationwide protests have made France the European focus of the selloff. A bond selloff cuts the market value of fixed income portfolios and increases borrowing costs. com) 1019 ET - MTY Food Group faces persistent macroeconomic headwinds and high uncertainty driven by intense quick-service restaurant competition. RBC's Ryland Conrad says in a report that uncertainty hinges around the scope, probability, timing and valuation of any potential transaction around MTY's ongoing strategic review, now in its tenth month.

" As a result, Conrad says the "focus remains on MTY's organic growth trajectory" where management continues improving and strengthening its network. The company is expected to report its 3Q results on Oct. 9. com) 0949 ET - Copper prices remain above $14,000 a ton, with supply-disruption risks limiting the prospect of easing concentrate tightness, ANZ analysts say.

Weaker South American mine output, the Democratic Republic of Congo's export ban and El Nino-related disruptions have constrained concentrate availability, keeping treatment and refining charges under pressure. Weak smelter margins are also weighing on refined copper production, particularly in China, while wage negotiations at Chile's Escondida mine pose another supply risk. , tightening availability in other markets, ANZ says. Demand remains resilient, supported by investment in power grids, AI, data centers, electric vehicles and new-energy infrastructure.

With the market undersupplied by around 1% of annual demand, the analysts expect prices to find support near $13,500 a ton, with upside potential to $15,000 a ton. com) 0941 ET - Banks joining together to build a stablecoin will drive skeptical investors to trust the digital asset, Commerzbank's Poonam Ahuja says. A consortium of 37 European banks intend to launch Qivalis--the continent's first regulated euro-backed stablecoin--before the end of 2026. Investors wary of stablecoins worry about counterparty risk and operational challenges, Ahuja says at the Digital Assets Week conference in London.

A joint approach will encourage investment in the digital asset, as well as widening its distribution, Ahuja says. Banks are well-trusted and can leverage that trust to increase stablecoin adoption, Ahuja says. com) (END) Dow Jones Newswires October 07, 2026 13:14 ET (17:14 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters.

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