Bitcoin’s October Slump: A Red October on the Horizon?

October is typically a period of exuberance in the cryptocurrency market, known as ‘Uptober’. However, this year’s crypto journey has been marked by disappointment. After an initially promising start to the month, Bitcoin’s momentum has dwindled, sparking fears of a potential ‘red October’ – a rare downturn since 2018. This uncertainty casts doubt on the market’s stability in the face of a global economic landscape characterized by increasing volatility and tension.