Bitcoin’s October performance relies on Fed rate cut expectations and tech stock reactions

Despite a 4.3% decline in October, Bitcoin shows potential for recovery driven by a 96.7% chance of a Federal Reserve rate cut and nearly 5 billion USD in net inflows to Bitcoin ETFs.

Bitcoin’s value remains closely tied to Nasdaq movements. Analysts suggest that improvement in tech stocks could positively influence Bitcoin, reviving its positive outlook as the month progresses.