Bitcoin’s October Trends: Implications for Crypto Payroll Solutions
Bitcoin’s price movements this October have been nothing short of wild. Historically, dramatic drops often lead to rebounds, so what’s in store for crypto payroll solutions? This time around, fintechs have set their sights on stablecoins, looking to make cryptocurrency salary payments a thing. The race is on to attract talent with these new payment methods.
Historical Performance: Bitcoin’s October Volatility
Bitcoin’s October trend has traders and analysts scratching their heads. Timothy Peterson points out that drops bigger than 5% in October are rare—only four times in a decade. Yet, in three out of those four occurrences, Bitcoin rebounded within a week. Just look at 2017, 2018, and 2019. Each time, Bitcoin surged back with gains…
