Bitcoin fell 7.32% in October, ending a three-month winning streak that began after the July 1 bottom below $58,000. After briefly trading above $87,000, it lost the $80,000 support level before reaching a six-week low of $76,100 on October 30. The decline was worsened by the $6.3 billion Binance hack and ETF outflows on the same day. Higher-than-expected consumer and producer price data also weighed on the market, while the US midterm elections and geopolitical tensions are expected to keep bitcoin volatile in November.
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