Reported 5 days ago
Bitcoin's performance is off to a poor start this October, traditionally its best month, influenced by escalating tensions in the Middle East, particularly after Iran's missile attacks toward Israel. The cryptocurrency dropped 4.7% recently, contrasting sharply with its historical average gain of 20% during this month over the last decade. Despite the current market caution, analysts believe this selloff may be temporary due to expected easing in Federal Reserve interest rates and potential future crypto-friendly policies post the November US elections.
Source: YAHOO