Crypto crash unlikely to have derailed ‘Uptober,’ analysts say — TradingView News
The crypto markets are still on track for a bullish October despite a major liquidation event last week, according to analysts and experts, who have compared it to other crypto black swan events.
“After the largest liquidation in crypto history, I expected October to be deep in the red,” said crypto podcaster Scott Melker on Wednesday.
However, Melker said the markets are still holding on, “which honestly feels like a small miracle,” before stating that “I don’t think we’re entering a bear market.”
The crypto market capitalization rebounded quickly to reclaim $4 trillion after the weekend rout, but has since cooled off slightly as Bitcoin (BTC) failed to build on its momentum and retreated below $111,000 again on…
