Nasdaq 100 Falls 3.6% as Bitcoin Drops Below $77,000

The Nasdaq 100 fell 3.6%, removing more than $1.3 trillion from its market value, while Bitcoin dropped below $77,000 as weakness in major technology shares coincided with crypto losses.

The index’s drop was its steepest daily decline since June 5. Disappointing earnings from Amazon and Intel contributed to the selloff, alongside concern about technology and artificial-intelligence spending.

Bitcoin was $77,194 at 1:23 p.m. ET (17:23 UTC) Oct. 30. Total crypto-market value was $2.66 trillion, down 4.2% over the same period, with 225 assets lower and 28 higher. Ether fell 5% to $2,234, while Solana slid 6.5% to $95.

Nvidia fell 4.8% and Microsoft fell 1.7%. Coinbase fell 13.5% to $139.

One prediction-market contract put the chance of Bitcoin topping $82,000 by Nov. 3, 2026, at 5%. Upcoming earnings from other major technology companies are the next focus for traders tracking the sector’s spending outlook.