‘Uptober has been placed on ice’ as Trump’s trade deals loom large over crypto – DL News
- Crypto prices failed to mount a meaningful comeback this week.
- Threats of a renewed US-China trade war have deflated markets.
- The tariff truce between the two countries ends on November 10.
Crypto traders are learning the hard way that past performance is not indicative of future gains.
October, often hailed as a historically bullish month for crypto assets, has been marked by volatility following the renewed threat of a US-China trade war.
‘It’s too soon to say that the entire market’s flipped bearish, but Uptober at the very least has been placed on ice.’
— Connor Howe, the founder of Enso.
Bitcoin has dropped more than 12% after registering an all-time high above $126,000 last week, dragging the rest of the market down with it….
