Bitcoin Broke the Uptober Streak, but a Handful of Altcoins Managed to Finish Higher

Bitcoin closed October 8.5% lower, breaking a six-year 'Uptober' streak of October gains. The downturn was primarily driven by external macroeconomic factors and a sell-off triggered by President Trump's tariff threats, leading to significant losses in major cryptocurrencies. Despite Bitcoin's decline, BNB managed to finish October up by 4.2%, standing out among the top cryptocurrencies. The broader market saw altcoins like ZEC, XMR, and WBTC also achieve gains amidst the downturn in major assets. The market dynamics underscored the resilience of certain altcoins even as major cryptocurrencies like BTC, ETH, SOL, and XRP displayed patterns of lower highs and failed rebounds. Analysts indicate that for November, reclaiming previous price levels could help restore confidence in the market as traders reassess their strategies following this month’s performance.

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