Hopes for Uptober gave way to Downtober this week.
U.S. Treasury yields, weakness in tech stocks, risks stemming from the Middle East, and net outflows of approximately $1 billion in total from Bitcoin and Ethereum spot ETFs in October.
The transfer of around 17,000 Bitcoin from U.S.-linked wallets to Coinbase Prime also heightened fears of selling.
U.S. Treasury yields, weakness in tech stocks, risks stemming from the Middle East, and net outflows of approximately $1 billion in total from Bitcoin and Ethereum spot ETFs in October.
The transfer of around 17,000 Bitcoin from U.S.-linked wallets to Coinbase Prime also heightened fears of selling.