✉news BusinessCrypto first seen 1 d ago, last 14 h ago, peak #3
Bitcoin Headed for Weakest October Since 2019 as Fed Decision Looms
Original: Bitcoin On Track To Post Weakest October In Six Years As US Buyers Retreat Ahead Of Fed Decision
Bitcoin is on course for its weakest October in six years, with US buyers pulling back ahead of the Federal Reserve's latest interest rate decision. Usually dubbed 'Uptober' by traders, the month has instead brought sluggish price action, and market participants are watching whether the Fed's outcome will restore momentum or deepen the retreat.
Why now: Traders are anxious about the Federal Reserve decision and a rare underperforming October for bitcoin.
Evidence
- Bitcoin On Track To Post Weakest October In Six Years As US Buyers Retreat Ahead Of Fed Decision · Yahoo Finance
- Bitcoin On Track To Post Weakest October In Six Years As US Buyers Retreat Ahead Of Fed Decision · TradingView
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