Bitcoin has fallen below the $108,000 mark, contributing to a downturn in cryptocurrency stocks as the anticipated ‘Uptober’ fails to deliver expected gains. The decline comes despite previous optimism for October, which was expected to reflect positively on crypto markets. Investors are now reassessing their strategies as market momentum appears to wane. Several prominent cryptocurrencies, alongside Bitcoin, have experienced significant price drops, indicating broader market challenges. The current sentiment reflects disappointment among traders who had hoped for an upward trend in the month commonly associated with bullish behavior.
