๐ Bitcoin challenges "Red October" and regains its strength above $109,000!
After a week full of volatility, Bitcoin ($BTC ) and Ethereum ($ETH ) have recovered some of their losses, amid heightened caution in the markets following Jerome Powell's remarks hinting at the end of the U.S. interest rate reduction cycle.
๐ Bitcoin rose to $109,225, up by +1.7%, while Ethereum climbed to $3,826.
However, despite the recovery, the market continues to suffer from outflows exceeding $600 million from ETF funds, indicating that fear remains dominant.
๐ฅ The big surprise came from Germany:
The giant Deutsche Telekom has officially joined the Theta network to operate a Validator Node, joining giants like Google and Samsung โ a move that enhances the adoption of blockchain technology by major companies.
๐ฌ It seems that โRed Octoberโ could not stop the crypto bulls ๐
Will this be the beginning of a strong rebound before the end of the year?
#Bitcoin #Ethereum #Blockchain #CryptoNews
