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Bitcoin Faces Another Red October as Price Drops 4.2%

Published Source: BitcoinistRead original

Crypto Insight Summary: Bitcoin’s reputation for strong October rallies is facing another test. After five consecutive years of gains during the month, the cryptocurrency is now on track for its second negative October in a row. Data from CryptoQuant shows Bitcoin falling 4.2% between September 30 and October 25, with its price slipping from $83,567 to $80,051. That’s […] Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Bitcoin's October decline breaks historical trend, causing temporary market uncertainty.

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Bitcoin Faces Another Red October as Price Drops 4.2% — Crypto Insight