Bitcoin, Ethereum, XRP fall as U.S. dollar firms
Major cryptocurrencies extended declines, with bitcoin down 2.7% to $81,151, ethereum down 4.9% to $2,448, and XRP down 5% to $1.35.
S. dollar and higher oil prices translating to pressure on riskier assets like bitcoin and other cryptocurrencies. "Rising yields and oil explain the timing of the selloff, while profit-taking near the top of the range explains most of its size," says Colin Basco of Coinbase Institutional. Basco explains that the macro pressure may keep weighing on bitcoin in the short-term.
5% would probably extend the consolidation period, [but] I still view retracements toward the 200-day moving average near $72K as accumulation opportunities," says Basco. 35. com) (END) Dow Jones Newswires October 08, 2026 12:05 ET (16:05 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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