๐ Crypto Correction: "Uptober" Momentum Fades Fast! ๐ฌ
Bitcoin \mathbf{(BTC)} is taking a hit, dipping nearly 3% back to around \mathbf{\$10,700} after its weekend bounce. ๐
While global risk markets, especially Asian stocks, cheer up thanks to easing trade tensions, \mathbf{crypto} is moving the opposite way. ๐งญโ
It seems the historical correlation with equities is breaking down!
The "Uptober" rally vibes are definitely fizzling out. ๐ฅ๐ง \mathbf{BTC} is now down over 2% for the month after that brutal flash crash wiped $500 billion off the crypto market cap earlier this month.
Ouch! ๐ฅ
Altcoins Feeling the Pinch Too ๐
It's not just Bitcoin:
* Ether \mathbf{(ETH)} dropped 5.3%
* BNB fell 5.7%
* Solana slipped 4%
* Even the Ripple/Nasdaq news couldn't save XRP. ๐
Market mood is getting cautious. ๐ง
Traders are waiting for a clear sign of recovery amidst rising volatility.
Keep your eyes on the charts! ๐๐
What's your take on this decoupling? When do you think the recovery starts? ๐
#bitcoin #CryptoMarket #BTC #Uptober #Binance
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