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Ad Home / Price Analysis / Bitcoin Price Prediction as $400 Billion Gold and Silver Selloff Shakes Markets Bitcoin Price Prediction as $400 Billion Gold and Silver Selloff Shakes Markets 07 Oct, 2026 By Frank bevah Frank bevah
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets. Read full bio Copied! Why Trust CoinGape CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information. Highlights
Bitcoin price fell 3.72% to $82,911 over 24 hours as leveraged positions unwound and global markets faced renewed pressure
The decline coincided with rising oil prices, higher Treasury yields, and reports of heavy losses across precious metals. Attention now turns toward Federal Reserve minutes and Bitcoin’s ability to defend support
Bitcoin price retreated from roughly $86,600 overnight, extending losses after repeated failures near $87,000. That area has rejected three advances since September 23, reflecting repeated difficulty sustaining upward momentum. The latest decline renewed focus on support directly below $83,000
BREAKING: Over $400 BILLION has been wiped out from gold and silver in just 10 minutes
— Bull Theory (@BullTheoryio) October 7, 2026
An accompanying market alert estimated Gold and Silver lost $400 billion in combined value within ten minutes. That estimate could not be independently verified, and it describes valuation changes rather than confirmed withdrawals. Higher yields also increased pressure on gold, which offers no interest income
The latest market snapshot showed crypto capitalization falling 3.85% to $2.82 trillion over 24 hours. That percentage decline implies approximately $113 billion in lost market value
Ethereum price, Solana, Dogecoin, and XRP also moved lower as selling spread across major cryptocurrencies
According to CoinGlass data, there were $697.02 million in liquidations over the past 24 hours. Long positions represented $644.52 million, highlighting the impact on traders positioned for further gains. These totals cover multiple assets and do not establish $500 million in Bitcoin liquidations alone
Brent crude climbed above $101 per barrel, while the ten-year Treasury yield reached 5.35% during Wednesday’s trading. A stronger dollar accompanied the move, adding pressure across financial markets ahead of the policy update. Rising energy costs complicated inflation expectations as renewed Middle East supply concerns unsettled investors
BREAKING: The US 10Y Note Yield rises above 5.35% for the first time in 24 years
That brings the total move since the pre-Iran War low to +143 basis points
Mortgage rates are at fresh 3-year highs
— The Kobeissi Letter (@KobeissiLetter) October 7, 2026
The Federal Reserve scheduled its September meeting minutes for release on October 7. Officials raised the benchmark rate by 25 basis points last month, taking the range to 3.75%–4.00%
Bitcoin’s immediate support zone sits around $82,000, with $81,000 becoming important if the decline continues
A confirmed four-hour close below $81,000 could expose $80,000, near an earlier consolidation area. Further weakness would put $78,000 back in focus, based on Bitcoin’s previous trading range
The Relative Strength Index stood at 33, approaching the conventional oversold threshold of 30
The MACD line measured minus 280.33, below its signal line at 67.21. The histogram stood at minus 347.54, showing a widening gap between the two readings
A recovery would first confront $84,000, followed by resistance around $85,000 in the Long-term BTC projection. Reclaiming both levels could reopen the $86,000–87,000 zone, where recent advances stalled
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1. Why did Bitcoin price fall below $83,000?
2. How do higher Treasury yields affect Bitcoin?
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information
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