Bitcoin has decreased by 4% this October, while Ethereum dropped by 5%. Solana and several leading altcoins have plummeted into double-digit declines, indicating a significant downturn.
Current economic tensions, particularly U.S.-China trade issues, have exacerbated the declining market. Investors are wary as on-chain data reflects a bearish sentiment.
Analysts express skepticism over a market recovery, with new CPI data expected to influence Federal Reserve interest rate decisions and the overall market sentiment.
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