Crypto Bearishness Reigns Supreme: October Market Dominated by Downtrend

October proved a challenging month for crypto investors as the market remained gripped by bearish momentum throughout the entirety of the month. Despite a brief, fleeting bullish phase late in the month, long-term trends continued to point downwards. Bitcoin, Ethereum, and most altcoins saw little upward traction, leading many traders and long-term holders into a cautious stance. Analysts attribute this trend primarily to macroeconomic anxieties, regulatory uncertainties, and profit-taking following earlier gains.