Market Performance Highlights
1. General Trends
Bitcoin (BTC) started the month strong, hitting an all-time high of nearly $126,000 on October 6.
However, it ended the month lower, with a 4% drop , marking it the worst October in the past seven years and breaking a six-year streak of gains.
Ethereum (ETH) also faced difficulties, falling approximately 10% during the month.
2. Volatility
The market experienced significant volatility, notably a major liquidation event on October 10, where over $19 billion in positions were wiped out.
Concerns regarding geopolitical tensions and tightening liquidity from the Federal Reserve affected overall market sentiment.
3. Spot Bitcoin ETF Anticipation
Optimism surrounding the potential approval of a spot Bitcoin ETF fueled a temporary price spike; rumors led to quick gains before corrections were seen.
This anticipation has been a major driver of investing behavior, contributing to recent rallies and declines
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