๐จ OCTOBER FLOPS: BITCOIN DOWN 7.32% โ WILL NOVEMBER BRING A RECOVERY?
Bitcoin ended October with a 7.32% loss, dropping to a six-week low of $76,100.
Main reasons:
Massive Binance hack (reported $6.3B).
Heavy Bitcoin ETF outflows.
Higher-than-expected US inflation.
Rising geopolitical tensions.
November could remain highly volatile due to economic and geopolitical uncertainty.
โ ๏ธ Warning: Don't assume a short-term BTC recovery signals the start of a new bull run. Altcoin risks remain high until BTC shows sustained strength.#Eth #xrp #Btc
Bitcoin ended October with a 7.32% loss, dropping to a six-week low of $76,100.
Main reasons:
Massive Binance hack (reported $6.3B).
Heavy Bitcoin ETF outflows.
Higher-than-expected US inflation.
Rising geopolitical tensions.
November could remain highly volatile due to economic and geopolitical uncertainty.
โ ๏ธ Warning: Don't assume a short-term BTC recovery signals the start of a new bull run. Altcoin risks remain high until BTC shows sustained strength.#Eth #xrp #Btc