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Here is why Bitcoin registered its first red October in 7 years

The October slump exposed Bitcoin's vulnerability as committed sellers outweighed fading buyer enthusiasm.

CryptoSlate

Oct 31

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Bitcoin’s first red October in seven years highlights persistent selling pressure amid fading buyer interest, while Ethereum’s Fusaka upgrade aims to boost Layer 2 adoption with up to 60% fee cuts, reinforcing its modular approach. Meanwhile, Mastercard’s $2 billion investment in a tokenization platform signals stablecoins moving firmly into mainstream payments. Stay informed on these key market moves today.

The global crypto market cap is $3.69 trillion, with a 24-hour volume of $175.02 billion. The price of Bitcoin is $109,917.74, and BTC market dominance is 59.3%. The price of Ethereum is $3,857.44, and ETH market dominance is 12.6%. The best-performing sector is Generative AI, which gained 9%. The Crypto Fear & Greed Index is currently Extreme Fear (29).

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Here is why Bitcoin registered its first red October in 7 years

The October slump exposed Bitcoin’s vulnerability as committed sellers outweighed fading buyer enthusiasm.

Will Fusaka keep users on L2? Upcoming Ethereum upgrade eyes up to 60% fee cuts

The Fusaka upgrade cements Ethereum’s modular vision: L1 as settlement, L2 as the user layer.

Has Mastercard accepted the inevitability of crypto? Spends $2B on tokenization platform

Mastercard’s rumored deal for Zero Hash marks the moment stablecoin settlement leaves the sandbox and enters the payments mainstream.

Ad: Gold vs Ondo vs ConstructKoin: Which RWAs will dominate 2025 and beyond?

Tokenization is surging as analysts predict significant capital inflows, offering enticing prospects for retail and institutional investors.

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What is CryptoSlate?

CryptoSlate is a comprehensive and contextualized source for crypto news, insights and data.

Since 2017, CryptoSlate has been a go-to destination for the fast-moving and nascent digital assets space.

Our coverage focuses on Bitcoin, Ethereum, macro, DeFi, AI, and web3. Our goal is to provide an all-encompassing overview of the crypto asset market and the technological trends shaping it.

Our mission at CryptoSlate is to decode the complexity of digital assets and showcase their potential to transform society by providing accessible, reliable information and analysis. We're committed to differentiating our news coverage by telling original stories and providing alternative points of view.