Gold Surges in October as Bitcoin Experiences Decline
According to PANews, October saw a notable surge in gold prices alongside gains in the Nasdaq index, reflecting a shift in investor preference across asset classes. In contrast,
$BTC declined by nearly 5% during the month, ending its streak of consecutive monthly increases. After hitting an all-time high above $126,000 on October 6,
$BTC price sharply fell to around $104,000 between October 10 and 11. This marks the first October loss for
$BTC in six years. Despite the setback, the cryptocurrency remains up more than 16% since the beginning of the year.
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