Ethereum Leads Crypto Decline While Precious Metals Slip

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Cryptocurrency markets turned lower on October 8th, with Ethereum leading the selloff. The second-largest digital asset tumbled 5.92% to $2534.49, while Bitcoin declined ▼ 3.49% to $82,430.00.

Cryptocurrencies

Ethereum traded between $2531.62 and $2693.99 throughout the session, reflecting the depth of its decline. Bitcoin's range spanned $82,319.00 to $85,411.00, showing volatility across the trading day.

Precious Metals

Gold retreated ▼ 0.83% to $4124.60, trading between $4106.80 and $4159.30. Silver experienced a sharper pullback, falling ▼ 4.00% to $58.91 and ranging from $58.65 to $61.38.

Currency Markets

Major currency pairs showed mixed movement. The dollar strengthened slightly against the euro, with USD/EUR rising ▲ 0.65% to 0.8931 and trading in a tight range of 0.8873 to 0.8931. Sterling weakness was minimal, with USD/GBP slipping just ▼ 0.07% to 0.7567.

Regional Middle Eastern currencies remained unchanged: USD/QAR held steady at 3.6400, USD/SAR at 3.7500, and USD/AED at 3.6725.