Bitcoin Ends October with First Monthly Loss Since 2018 Amid Market Uncertainty
TL;DR
Bitcoin's October performance has disappointed, breaking its 6-year trend of roughly 20% gains, with an 8% decline driven by reduced US investor demand, ETF outflows, and slowing treasury acquisitions, leading market participants to await new catalysts for future gains.
- RIP bitcoin “Uptober” as price disappoints, breaking 6-year trend Sherwood News
- Bitcoin Is Sliding Amid Rate Cut Uncertainty. Here's Why 'Uptober' Never Happened. Investopedia
- Lacking Conviction Glassnode Insights
- Bitcoin breaks October streak with first monthly loss since 2018 Reuters
- Bitcoin Price (BTC) Analysis: $88K Now on the Table CoinDesk
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