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Bitcoin Slips Nearly 4% in October, Testing 'Uptober' Hopes

Original: Is Uptober Over for BTC? Bitcoin Is Down Nearly 4% So Far This October.

Bitcoin is down nearly 4% so far this October, denting the crypto community's hopes for 'Uptober', the month that has historically delivered strong gains for the cryptocurrency. Financial outlets are questioning whether the seasonal rally will materialise this year, as traders watch to see if the month can recover its bullish reputation.

Why now: Bitcoin is trading down during a month investors traditionally expect it to rise, prompting debate about whether the seasonal rally has failed.

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