Bitcoin breaks record run/ Records first monthly decline since 2018
Bitcoin posted a monthly decline in October for the first time since 2018, ending a seven-year streak of gains that had given the month a "lucky" reputation among cryptocurrency traders.
The world's largest cryptocurrency closed the month down about 5%, after struggling in recent weeks amid market uncertainty and lack of investor appetite.
“Cryptocurrencies entered October following gold and stocks that were near all-time highs. But when uncertainty hit people for the first time this year, they didn’t flock back to bitcoin en masse,” said a senior research analyst at digital market data provider Kaiko.
October marked the largest liquidation in crypto market history, after US President Donald Trump announced a 100% tariff on Chinese imports and threatened export controls on critical software.
Bitcoin shrank to $104,782.88 during the period October 10–11, after reaching a new record high of over $126,000 just a few days earlier.
A turbulent month ended with investors fearful and uncertain about the direction of global monetary policy in the near term. This followed the US Federal Reserve's decision to contradict market expectations, which signaled further interest rate cuts.
Meanwhile, the partial government shutdown has blocked the release of key economic data.
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