For the first time since 2018, Bitcoin has closed October in the red — breaking the long-standing “Uptober” myth that the month usually brings gains. This year, global risk aversion, geopolitical tensions, and regulatory uncertainty pushed the leading cryptocurrency lower.
Analysts see this as a potential turning point for the market. Institutional investors remain cautious amid unclear signals from the Federal Reserve’s interest rate outlook and pending ETF approvals.
While November could bring a rebound, short-term volatility is expected to remain high.
