Bitcoin starts historically strong October much as it ended its most recent, dreary September, falling slightly but holding over $19K; USDC, the second most-traded stablecoin, is developing its own “ecosystem. JPRubin23 and mikejcasey
Ten-year Treasury yield daily close: 3.80%Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atThe opening of the historically crypto boom month of October bore a stronger resemblance to the recent dreary days of September.
"Indecision and lack of buying above $20,000 are pushing Bitcoin to test its recent lows," Joe DiPasquale, CEO of BitBull Capital, wrote in an email, adding optimistically:"If we do drop sharply, the price may bottom soon and put up a nice rally. However, most bulls may be scared out of their longs before that happens.”
Cryptos tracked equities, which closed a dismal month with a final dismal trading day on Friday. The tech-focused Nasdaq, S&P 500, which has a strong technology component, and Dow Jones Industrial Average all finished down at least 1.5% amid ongoing fears that the struggle to end high inflation is leading inevitably to a harsh recession – a so-called hard, economic landing.
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