Bitcoin ended October at $76,000-$77,000, down from roughly $83,000-$84,000 at the start of the month. That is a market wipeout of about $250-300 billion and its second straight losing October.
Total crypto market capitalization fell to $2.57 trillion, and altcoins posted double-digit declines. Traders blamed weak U.S. demand, ETF outflows and macro pressure from Federal Reserve policy. Some started calling the month “REKtober.”
Bulls see a few reasons for hope. Oversold readings are showing and Bitcoin sits near the 50-week simple moving average. Some forecasts target a rebound to $80,000 in the short term, with more optimistic calls of $100,000-$125,000 by December if key levels hold. U.S. midterm elections add another source of volatility.
The month shows how quickly sentiment can reverse once ETF demand fades. Whether November repeats the pattern depends on whether the 50-week average holds and whether flows turn positive again.
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