Bitcoin News
By Pankaj K
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A Cooling Off After an Intense Rally. Bitcoin ended October trading around $107,000, down about 1.
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Macro Headwinds Add Complexity. The pullback came amid shifting macroeconomic conditions. The U.S.
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ETF Outflows Reflect Short-Term Caution. Bitcoin’s short-term weakness was also evident in spot ETF flows. U.S.
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November’s Bullish Track Record. Historically, November has been one of Bitcoin’s most profitable months.
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Technical and On-Chain Indicators. From a technical standpoint, Bitcoin continues to follow a “range-higher” pattern, meaning each…
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The Broader Picture. Beyond immediate price movements, the broader narrative around Bitcoin continues to strengthen.
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Looking Ahead. As November unfolds, Bitcoin’s path will depend on a mix of macroeconomic signals, investor…
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Bitcoin’s first negative October since 2018 has left traders uneasy, but market experts believe the correction may be more of a breather than a breakdown.
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Bitcoin ended October trading around $107,000, down about 1.4% in the last 24 hours, according to CoinGecko. The broader crypto market also dipped 2.
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While such numbers might seem alarming, analysts suggest that this phase represents a necessary recalibration in Bitcoin’s ongoing bull cycle rather than the start of a downturn.
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Rachel Lin, CEO of SynFutures, noted that the “Red October” could ultimately strengthen Bitcoin’s setup for the months ahead.
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The pullback came amid shifting macroeconomic conditions. The U.S. Federal Reserve’s decision to end quantitative tightening, followed by mixed signals about future rate cuts,…
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Bitcoin, which often mirrors risk-on assets like tech stocks, saw its U.S. trading session performance decline sharply—from a gain of 0.94% on October 29 to a weekly drop of 4.
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Meanwhile, a slight thaw in U.S.-China relations provided some relief. The trade truce reached between former U.S.
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Bitcoin’s short-term weakness was also evident in spot ETF flows. U.S. Bitcoin ETFs recorded heavy outflows during the final week of October.
The Currency Analytics
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