Uptober brought pain 😐
October began with a new Bitcoin ATH, but then on the 10th, the largest crash in crypto market history occurred, with registered liquidations alone exceeding $19 billion.
Altcoins bore the brunt ☠️
The recovery in the second half of the month also failed; the positive impact of the Fed rate cut and the meeting between US and Chinese leaders was initially priced in. Jerome Powell somewhat spooked the markets with his threat to hold the rate cut in December due to the shutdown, and Trump and Xi only reached a temporary agreement.
As a result, October became the third month in the red in BTC history (↓3.69). Now everyone is looking to 2018, when, after a red October, BTC fell 36% in November.
The outlook is scary, but back then, in the fall of 2018, we were in the final stages of a bear market. Today, despite the disappointment hanging in the air, BTC is still in an uptrend.
#altcoins #altsesaon
$ASTER
