Bitcoin risks worst October since 2014 as Nasdaq drops 2.5% and gold slides
Briefing by News4U · First published
Bitcoin circled $77,000 as crypto markets navigated US stock-market downside, while the gold price fell to its lowest in a year, Cointelegraph reported. Data from TradingView showed BTC/USD down 1.1% on the day after dropping to its lowest levels since Sept. 18. BTC/USD was set to close the month 7.7% lower, its worst October performance since 2014, per data from CoinGlass. US stock markets opened sharply lower; the tech-heavy Nasdaq Composite Index was 2.5% lower at around 25,500, and gold traded as low as $3,891 per ounce, its weakest in a year. [1]
Sources
- Bitcoin risks worst October in 12 years as tech sell-off spreads to gold
Cointelegraph · · Full text