Bitcoin Closed October with a Decline: 'Uptober' Disappointment

What Happened to Bitcoin in October?

Bitcoin closed the month of October with a decline of 8.5%, breaking the six-year ‘Uptober’ tradition, according to CoinDesk data. The Bitcoin Monthly Return Heatmap provided by CoinGlass reveals the reasons behind this historical drop.

According to TradingView's monthly charts, there was some movement in mid-October, but this movement failed to recover previously reached peaks for Bitcoin, Ethereum, Solana, and Ripple.

On the other hand, Binance Coin (BNB) stood out as an exception among the top ten cryptocurrencies, closing the month with an increase of 4.2%.