Yahoo Crypto Market • October 8th 2026, 11:17 AM
BTC Price Slips Below $83K, Crypto Stocks Fall After Report Of Possible US Strikes On Iran
Key Summary
The crypto market fell 1.25% to about $2.8 trillion, with Bitcoin dropping 1.2% to around $82,700, as reports of possible US strikes on Iran led to a sell-off in major crypto stocks and rising Treasury yields. Crypto stocks such as Strategy, Coinbase, and Circle were under pressure, while NEAR Protocol was a rare exception, gaining over 3% in the last 24 hours.
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Market Overview
The overall crypto market fell 1.25% to about $2.8 trillion in the last 24 hours, with Bitcoin's price dropping 1.2% to around $82,700. This sell-off was triggered by reports that the White House had asked the Pentagon to prepare military strike options against Iran.Market Impact
Major crypto stocks such as Strategy, Coinbase, and Circle were under pressure in pre-market trade. The SPDR S&P 500 ETF (SPY) fell as much as 0.40%, the SPDR Dow Jones Industrial Average ETF (DIA) slipped 0.80%, and the Nasdaq-100 tracking Invesco QQQ Trust (QQQ) moved 0.52% lower. Retail sentiment around SPY on Stocktwits continued to trend in 'extremely bullish' territory over the past day.Cryptocurrency Prices
In the crypto market, Ripple's XRP led losses among crypto majors, followed by Solana (SOL) and Dogecoin (DOGE). XRP's price dipped as much as 3% in the last 24 hours to around $1.41, while Solana's price dropped 2.5% to under $115 and Dogecoin's price fell to $0.8, down 1.5% in the last 24 hours. Leading altcoin Ethereum (ETH) traded at par with Bitcoin, down 1.1% in the last 24 hours, trading at around $2,550 at the time of writing.Exceptional Gainer
NEAR Protocol (NEAR) was a rare exception, gaining over 3% in the last 24 hours to touch $5.25, paring gains after hitting a record high of over $6.00.#Bitcoin#US#Iran#Crypto#SEC