Why Did BTC, ETH, XRP & ADA Drop October & Can They Recover Before Halloween?

• October crypto crash hit BTC, ETH, XRP, ADA, driven partly by US bank fears
• Record Spot ETF outflows signaled institutional de-risking during the sell-off
• The $19B+ liquidation cascade further amplified the October market drop

The cryptocurrency market is going through significant pullback this October. After rallying early in the month, the total crypto market cap slid roughly 14% from its peak, according to data from TradingView, reflecting a sharp reversal in sentiment.

Driving this decline was a steep Bitcoin price drop, which retraced 17.7% from its recent all-time high near $126,272, plunging to briefly touch $103,530 before stabilizing near $110,300 as of this report. This heralded a broader crypto market crash affecting almost all the top cryptocurrencies.

‘Uptober’ Narrative Shattered: Broad Crash Hits Bitcoin, ETH, XRP, Cardano

The market crash caug…

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