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Bitcoin has typically occurred in the “focus” of October. But this year, the leading cryptocurrency finished the month in the red. Experts said that several factors have influenced such as decryption.
Despite the beginning of October and a fresh new season, the “guardian” used is a real quagmire. BitcoinCrypocupercation for a locked leader in four months with leadership development.
Bitcoin price It recently stood at $109,820 per coin, which is $6 below its $126,080 level, according to Compox. More than 30 days, the property is more than 8 percent.
October is also historically more than 10 years after 10 years without a monthly loss.
Due to the introduction of a cake decoration in Bitcoin in a historically strong month, investors are eagerly waiting for the third interest rate cut.
On Wednesday, Robin Central Bank Chairman Euro Ulls fell one point below the market price of $ 106,000 in the largest stock.
In the past, BTC and other risks to the assets of the United States, Donald Trump, have been destroyed after China's trade war with China. Investors More than $ 19 billion in liquidation In places, up to 90% of them will increase the price.
“The negative October researchers can be considered in terms of three main issues. DecryptThe October 11th disaster had a long-term effect on the market.
In Friday, the macro is currently in the magazine, the analysis of Norse Aanson continues to resume “cut off hopes” when “disrupted”.
“Like Chairman Powell They believe In the speech, “Achosen text” is “”Achosen text”.
She said: “Their issues have appeal and economic growth, revenues and other factors. BTC has a pure intellectual sense of being affected by liquidity in the short term and sustainability in the long term.”
During the week, with the exchange of telegrams DecryptIn addition, it was found that the sale of long-term carriers has also increased, and it was believed that witchcraft has reached the highest level in the recent four-year cycle.
“If you believe in four years (and many older hours do), if you believe that you like the patterns of the previous cycle, then if you like the patterns of the previous cycle, we are at our peak.
Bitcoin, Crypto and stocks have typically performed well in a low interest rate environment. The right Cut has L Rates in the last two meetings.
Bitcoin is up almost 11% in October and is about 20200 in October. Come back in 2021 and find those who earned 40% that month. On average, the digital coin has provided investors with an average return of about 20%, according to Konolas.
“That makes this feel like one of the weakest ‘Uptober' performances in years, not the result of a single broad selloff, but largely driven by selling during US hours,” pseudonymous CryptoQuant analyst Maartunn told Decrypt. They noticed Other factors include China's tariffs and economic readings in recent months, including unemployment data and consumer prices and consumer price indexes.
Still, some analysts are optimistic. THE GROSCACECAL ANCIENT ZACH PADLE Decrypt The SEC is expected to approve the IPO, the market is expected to support, and the regulatory environment remains favorable for digital assets.
With the integration of the BiPois market structure, the Law (Transformation) Law is prepared to launch a number of ID exchange products, we expect the CLEPTO market board to be short of anesthesia.
Will it be a “moon” for bitcoin? Last year, the 11th month for B.C.C.C.
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