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World desk3 min

Why Crypto Is Falling as the October 2025 Bitcoin Flash Crash Anniversary Nears

CoinDesk reported Bitcoin just above $80,000 on October 8, 2026, as major cryptocurrencies fell. The approaching anniversary of the 2025 flash crash is context, not a proven cause.
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Crypto prices were falling in early October 2026, but the approaching anniversary of Bitcoin’s October 10, 2025 flash crash is a point of context—not an established cause of the current selloff. In a snapshot published October 8, CoinDesk reported Bitcoin just above $80,000, with major cryptocurrencies also down sharply. The report identified several possible investor concerns but did not measure their individual effects.

How much had crypto fallen by October 8, 2026?

CoinDesk reported Bitcoin at a one-month low just above $80,000 on October 8, 2026. It was down 4% over the preceding 24 hours and more than 8% from nearly $87,000 four days earlier. These are figures from that day’s report, not live prices.

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The declines extended beyond Bitcoin: CoinDesk put Ether and XRP down about 6% each and Solana down about 9% over 24 hours. All four were down by double-digit percentages over the week, according to the report.

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Why was crypto falling?

CoinDesk pointed to several concerns that may have weighed on investors, while stopping short of establishing that any one of them caused the drop or assigning them relative importance:

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  • Rising oil prices and higher interest rates: CoinDesk said these could potentially draw money away from risk assets such as Bitcoin.
  • Regulatory uncertainty: The report cited uncertainty following the failure of the Clarity Act.
  • The coming U.S. midterm elections: CoinDesk listed the approaching elections as another concern for crypto investors.

The report does not quantify how much these factors contributed. The calendar coincidence with the flash-crash anniversary does not establish a connection between that event and the October 2026 decline.

What happened in the October 10, 2025 Bitcoin flash crash?

CoinDesk reported that Bitcoin fell from about $122,000 to $105,000 on October 10, 2025, with even lower prices recorded on some exchanges. Much of the move happened within minutes during thin Friday-evening U.S. trading. The approaching October 10, 2026 date marked one year since that sharp episode.

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How the two episodes compare

Measure October 10, 2025 flash crash October 2026 selloff snapshot
Timing and conditions Much of the sharp drop occurred within minutes during thin Friday-evening U.S. trading, according to CoinDesk. CoinDesk’s October 8 report described a decline over several days, including losses over the prior 24 hours and week.
Bitcoin movement About $122,000 to $105,000, with lower prints on some exchanges, as reported by CoinDesk. Just above $80,000 on October 8; down 4% in 24 hours and more than 8% from nearly $87,000 four days earlier, per CoinDesk.
Other major coins Comparable figures for Ether, XRP, and Solana were not stated in the cited CoinDesk report. Ether and XRP were down about 6% each and Solana about 9% over 24 hours; all four named assets were down double digits for the week, per CoinDesk.

The reports describe different episodes and do not provide exchange-by-exchange data or a causal breakdown that would show whether the two declines were mechanically alike.

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What institutional investors say about digital assets

A separate State Street survey offers longer-term context, not an explanation for the October price move. State Street’s 2026 Digital Assets Study surveyed 300 asset managers, asset owners, and wealth managers across North America, Europe, Asia Pacific, the Middle East, and Latin America. The company says the survey was conducted from July 20 to August 19, 2026.

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  • Supports 1000s of Coins & Tokens: Securely handle thousands of assets, including Bitcoin, Ethereum, and more, all in one wallet
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  • Mainstream expectations: 51% of respondents expected digital assets to become mainstream within five years, if they had not already, compared with 11% in 2024, according to State Street’s 2026 study.
  • Reported allocations: Respondents reported an average digital-asset allocation of approximately 11% and expected it to reach 17% in three years, according to State Street’s 2026 study.

These figures reflect survey respondents’ views and reported allocations as summarized by State Street. They are not audited portfolio measurements, proof that adoption will occur, or a forecast of market returns. Angus Fletcher, State Street’s head of Digital Asset Solutions, characterized the shift as a more practical institutional focus on infrastructure, operations, regulation, and risk.

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Sources

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