Crypto Markets Decline as Bitcoin Reverses from Recent Highs
BTC has pulled back from its recent all-time high, with most large-cap tokens also trading lower today.
Crypto markets have halted their steady climb, with many large-cap crypto assets retracing over the past 24 hours and total market capitalization falling below $4.3 trillion this morning. Bitcoin (BTC) is trading at $122,674, down 1.8% on the day and about 3% from its recent all-time high above $126,000.
Despite the dip, Bitcoin remains up over 4% so far in October, historically one of its most bullish months, Iliya Kalchev, Nexo’s dispatch analyst, pointed out in commentary to The Defiant, adding:
“ETF inflows continue to anchor the move: on Tuesday alone, spot Bitcoin ETFs attracted $875 million, extending total inflows to over…
