News
Bitcoin Gets Spooked as 'Uptober' Lets Down
Crypto majors are red, alts are down bad, and onchain is facing capitulation. Bitcoin is sitting at $83K, down 3.2% on the week, with the Crypto Fear & Greed Index falling to 56, down from 67 a week ago. Alts like SOL, HYPE, DOGE, XRP, and ETH have also seen significant declines over the past week. Prediction markets have cooled, with BTC now priced at 56% chance of hitting $87.5K in October, down from 55% last week. Analysts are divided on the cause, with some viewing it as a macro problem and others as a risk asset, not a geopolitical hedge. The next catalyst is expected to be the U.S. inflation data coming out this Wednesday.