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