📉 On October 10, the Bitcoin (BTC) rate stabilized after the start of trading on the stock market and “risk reduction.”
- BTC/USD dropped to $27,300, but then returned to $27,700.
- Trader Skew noted that derivatives holders are in control of the trajectory at the moment.
- Michael van de Poppe, founder and CEO of trading firm MN Trading, expressed optimism and suggested that if Bitcoin can return above $28,000, then a rise to $35,000-40,000 is possible.
- Bitcoin's share of total cryptocurrency capitalization reached 51.35% on October 9, the highest level since mid-July.