Bitcoin in October: Is the Lucky Streak Coming to an End?

The world's largest cryptocurrency, Bitcoin, is preparing to close October with a loss for the first time since 2018. The 'lucky October' tradition that has continued for the past seven years is concluding with a nearly 5% decrease.

This year's October has witnessed significant developments, not only in the cryptocurrency market but also in global economic dynamics. Notably, U.S. President Donald Trump's announcement of a 100% customs tax on imports from China and restrictions on certain software exports has created uncertainty in the markets, increasing investor apprehension.

Bitcoin, which was trading over $126,000 just a few days ago after breaking its record level, plummeted to $104,782 following these announcements. This sudden drop has triggered a new liquidation process in the cryptocurrency world and created deep concern among investors.

The cryptocurrency market now needs to be examined in a broader context with these losses experienced by Bitcoin. After the losses in October, many questions have arisen regarding investors' expectations and strategies for the future. In particular, the rapid changes in market dynamics make it difficult for investors to make the right decisions.

Investors, when looking at Bitcoin's history, have generally seen October filled with gains every year. However, this year's performance is shaping up quite differently from the past. The end of October is set to become a period open to much-anticipated new developments in the cryptocurrency world.

Particularly, Bitcoin's future performance is being closely monitored by both investors and market analysts. In this context, as the end of October approaches, all eyes are focused on which direction Bitcoin will take in the future.