Gold Soars While Bitcoin Sees Decline

October saw significant movements in the financial markets, as gold prices experienced a surge while the Nasdaq index also increased. This shift in asset performance suggests investors are redistributing their holdings. Meanwhile, Bitcoin faced a notable downturn, losing nearly 5% of its value during October. The cryptocurrency’s journey ended with a sharp decline following a record-breaking peak of over $126,000 on October 6th. By October 10th and 11th, the price dropped to around $104,000 – marking Bitcoin’s first monthly loss in six years. Despite this setback, Bitcoin has still gained approximately 16% year-to-date.