What Happened to the Widely Anticipated Uptober Crypto Rally?
Bitcoin closed October lower, snapping its six-year “Uptober” streak while BNB eked out a gain as a mid-month jolt left most majors stuck below early highs.
The shock landed Oct. 10, when President Donald Trump threatened steep new tariffs on China amid rare-earth tensions, touching off a broad risk-off move.
Bitcoin slid from roughly the low $120,000s toward about $105,000 in fast trade, and altcoins fell harder as thin liquidity met heavy leverage. Over Oct. 10–11, derivatives venues auto-liquidated an estimated tens of billions of dollars in positions and more than half a trillion dollars in market value evaporated before a shaky rebound set a floor. It was a macro headline colliding with crowded positioning, not a…
