China News Daily TheBitTimes.com

Bitcoin (BTC) reversed sharply again on Tuesday, October 21, sliding nearly 3% and trading as low as $107,552 in the early hours, having lost all of its weekend momentum. The asset moved in step with the overall crypto market, whose total valuation has dropped more than 2% to $3.67 trillion. As expected, the new setback is tempering expectations for “Uptober,” the month known for strong gains, with Bitcoin now down 6.30% over the past month, trading at $108,290 at the time of publication. BTC monthly price chart. Source: Finbold Altcoins mirrored Bitcoin’s decline. Ethereum (ETH), for example, has dropped 5.3% to $3,859, while XRP has fallen 2.2% to $2.41, showing little reaction to Ripple Labs’ announcement of a new treasury-backed vehicle, Evernorth. At the same time, BNB shed 5.7%, while Cardano (ADA) and Solana (SOL) lost between 4% and 6%. Among memecoins, Dogecoin (DOGE) saw the greatest losses, losing 4.3%. Why is Bitcoin down? As mentioned, the ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...