October’s been rough for cryptos, right? It’s not just one thing either. Rising interest rates have got investors running from risky stuff like crypto.
Plus, the whole geopolitical mess going on globally is making people super nervous. US is still hammering down on crypto regulations, which doesn’t help at all. It’s just a combination of bad news all at once, making prices tank across the board.
As a result, speculative movements have surged, with traders reacting to short-term news and market rumors. This has caused increased volatility in various coins, with some experiencing sharp drops or rapid gains based on hype or fear, rather than fundamental value.