Analysis: Bitcoin's nearly 5% drop in October shattered its "runaway rally," marking its first October decline in six years.

PANews reported on November 1st that gold prices surged in October, and the Nasdaq index also rose, highlighting 资产间“轮动”。 Bitcoin, however, fell nearly 5% in October, shattering its "continuous rise myth." From its all-time high of over $126,000 reached on October 6th, it plummeted, briefly falling to around $104,000 between October 10th and 11th, marking its first October decline in six years. Despite this month's drop, Bitcoin is still up over 16% year-to-date.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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