Bitcoin falls below $83,000 as dollar strength keeps markets on edge

coverage endedOct 12, 2026, 1:08 p.m. EDT

Bitcoin falls below $83,000 as dollar strength keeps markets on edge

Bitcoin and gold hold steady as a firm dollar and rising bond yields weigh on sentiment, while IREN secures a multiyear cloud services deal with Anthropic.

Nasdaq closes 0.7% lower as crypto stocks, BTC end Monday in the red

It was a day to forget for risk assets on Monday, with the tech-heavy Nasdaq 100 closing 0.7% lower amid weak U.S. trading.

Oil prices eased a bit in the later afternoon hours to near $93 a barrel, but still firmly higher during the day as supply concerns still linger.

Bitcoin BTC$83,160.00 clawed back some ground from its session lows, changing hands near $82,700 recently.

Crypto-related stocks also nursed losses, with Securitize extending its decline to 14%.

Miners, whose fortunes are now tied as much to the AI infrastructure and data center buildout as to bitcoin mining, were broadly lower. Bitdeer (BTDR), Cipher Mining CIFR$11.08, TeraWulf WULF$12.90 and HIVE Digital HIVE$2.3650 all nursed losses of roughly 3% to 4%.

Tokenization firm Securitize extended losses to 14%

Bitcoin, ether slides to session lows in weak afternoon trading

Bitcoin BTC$83,160.00 has slipped further during the U.S. trading session, hitting a session low of near $82,300 in a weak afternoon trading for risk assets.

Ether ETH$2,519.99 has now given back all its overnight gains, holding above $2,500 level by a thread.

The two largest cryptocurrencies lost 1.6% and 1.3%, respectively, over the past 24 hours. Other crypto majors including XRP, Solana (SOL) and Hyperliquid’s HYPE were also down 3%-4% during the same period.

Securitize slides 10% as crypto stocks lose ground in holiday trading

A mid-day check on the U.S. stock market shows most crypto-related stocks nursing losses, with tokenization firm Securitize (SECZ) leading the selling.

The firm’s shares fell more than 10% by midday, giving up most of the recent bounce fueled influential investment research firm Citrini's report featuring the company as one of the biggest beneficiary of Wall Street bringing equities onto blockchain rails.

Elsewhere, digital custodian BitGo BTGO$7.1450 and institutional-focused exchange Bullish BLSH$32.07 both slipped about 3%. USDC issuer Circle CRCL$84.55, bitcoin holder Strategy MSTR$155.97 and ether treasury Bitmine BMNR$23.97 nursed modest declines. Coinbase COIN$180.68 held up with a 0.5% gain.

The weakness came as broader U.S. stocks struggled for direction. The S&P 500 was flat, while the tech-heavy Nasdaq 100 fell 0.5%.

Trading is taking place against a holiday backdrop, with the U.S. bond market and Canadian stock exchanges closed for the day. U.S. stock markets remain open.

Micron Technology breaks below $1,000

Micron Technology (MU) shares are down 4%, dropping below $1,000 for the first time since mid-September, as pressure spread beyond crypto to AI-related stocks. SanDisk (SNDK), which makes flash memory and storage products also declined 6%.

Bitcoin miners that have expanded into AI infrastructure also continued to surrender gains from earlier this year, with Cipher Digital CIFR$11.08, Bitdeer (BTDR) and HIVE Digital Technologies HIVE$2.3650 each down around 3%.

Bitmine bought another $32 million in ETH

Bitmine buys another $32 million in ETH, now just weeks away from ending its buying spree

Bitmine BMNR$23.97 bought another 12,532 ether ETH$2,519.99 over the past week, worth roughly $32 million at Monday's price of $2,536, bringing the company another step closer to ending its year-long buying spree.

That was the firm’s smallest weekly purchase since mid-August, as chairman Tom Lee last week said the company will stop buying ETH after reaching its goal to hold 5% of ether’s supply.

The latest purchase lifted Bitmine's holdings to 6,028,946 ETH, worth about $15.3 billion at current prices and representing roughly 4.9% of the cryptocurrency's total supply.

Strategy (MSTR) acquires 250 bitcoin for $21.5 million last week

Strategy MSTR$155.97 acquired 250 bitcoin for $21.5 million last week, while spending $192.4 million repurchasing its variable-rate preferred stock, STRC.

The bitcoin purchases, made between Oct. 5 and Oct. 11 at an average price of $86,194 per coin, brought its total holdings to 848,250 BTC. Strategy has spent approximately $64 billion at an average cost of $75,444 per bitcoin.

The company funded the purchases with $21 million in net proceeds from selling 125,183 MSTR shares through its at-the-market (ATM) offering program, alongside $500,000 from its cash balance.

Strategy also repurchased approximately 1.93 million STRC shares, leaving $354.8 million available under its preferred stock repurchase program.

MSTR shares are up 1% pre-market

Markets start the week cautiously as U.S. dollar and bond yields stay firm

Markets are making a cautious start to the week, with bitcoin trading just above $83,000 and gold around $4,180 an ounce, both down roughly -0.5%. Tech futures are slightly lower, while WTI crude is edging higher above $92 a barrel. Bond yields are also ticking up as bond prices fall, following a brief recovery in the second half of last week that saw TLT, the long-dated U.S. Treasury ETF, gain more than 2%. The dollar remains firm, with the DXY index above 102.4.

Wednesday’s U.S. inflation report is the week’s key macroeconomic event. Annual core inflation is expected to come in at 2.5%, while headline inflation is forecast at 3.7%, which would mark a reacceleration from the previous month.

IREN IREN$33.76, which has repurposed from bitcoin mining into AI infrastructure, has secured a multiyear cloud services agreement with artificial intelligence firm Anthropic, according to The Information. IREN shares are up 4% pre-market.