‘Uptober’ Flopped as BTC Tanked 7%: Will November Be Any Different?

October, often called ‘Uptober’ in crypto markets because of past performance, is one of the year’s most anticipated months, and this edition followed that trend, as BTC had seen three consecutive months in the green leading up to it. Reality, though, was different as usual, and data shows that BTC tanked by over 7.3%. Here’s why and what we can expect in November. Uptober Failed Ever since the July 1 bottom of under $58,000, bitcoin went into an impressive three-month green-only streak, surging by 7.27% in July, 25.05% in August, and 6.37% in September. This was the first such three-month period during a perceived bear market, which prompted numerous analysts to call its end and to declare the beginning of the subsequent bull phase.

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