Crypto’s big ‘Uptober’ ends with a whimper, Bitcoin down 4%
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.
“October was a bit of a letdown for Bitcoin compared to its strong historical trend, but it’s important to keep perspective—prices have held up well overall, especially after a September that actually bucked the usual weakness,” Joel Kruger, a market strategist at LMAX Group, told…
