Crypto traders have long termed October as “Uptober” in colloquialism that nods to the month’s tendency in delivering the biggest rallies for bitcoin. But this year’s record is shaping to be the worst since 2015, so far.
Bitcoin is down 5% month-to-date, trading near $107,000 in late Asian hours on Sunday, CoinGlass data shows. The historical average for October sits around 19.8%, next to November’s 42% which is the asset’s strongest month.
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