"October is usually a time for Bitcoin to mount big gains, so much so that traders have named the month 'Uptober.' This year, though, the world's largest cryptocurrency struggled. Bitcoin is down 4% over the past 30 days to nearly $110,000 on Halloween, according to data from Binance. The decline was even steeper for Ethereum, the second largest cryptocurrency by market capitalization, which fell about 10% to now about $3,900."
"While ending October in a slump, Bitcoin's month started off strong with the cryptocurrency hitting a new all-time high of nearly $124,000 on Oct. 3. "Uptober is here now. Don't sell too early. We're about to get rich!" one crypto enthusiast posted on X. But, on Oct. 10, the crypto markets crashed and more than $19 billion in traders' positions evaporated in the largest crypto liquidation event ever tracked by the analytics firm CoinGlass."
Bitcoin fell about 4% in October to nearly $110,000, while Ethereum dropped roughly 10% to about $3,900. The month ranked as Bitcoin's fourth worst October since 2013 and its worst in seven years, with returns trailing the S&P 500. Bitcoin reached a near $124,000 all-time high on Oct. 3 before a crash on Oct. 10 erased over $19 billion in traders' positions in a CoinGlass-tracked liquidation event. Cautious remarks from the Federal Reserve about potentially pausing further rate cuts and geopolitical tariff threats added to market volatility and investor uncertainty.
Read at Fortune Crypto
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