After two consecutive months of losses, Bitcoin posted a 6% gain in October. The volatility that wiped billions of dollars out of the market devastated Bitcoin’s price in June, resulting in a volatile summer of little to no gains.
However, the third quarter started in blue as Bitcoin broke the $20,000 resistance, signaling that the year could end more positively than previously expected.
Historically, both November and December were strong months for Bitcoin. Since 2010, Bitcoin has only lost 4 times in November and 5 times in December, with his biggest loss of 36.54% recorded in November 2018. On average, Bitcoin price he rises about 39% in November and about 11% in December. %.
Bitcoin’s solid October performance contrasts with Bitcoin’s performance. USD.US dollar index (DXY) fell from a high of 113.32 to a low of 109.70 in October, ending the month in the red at 111.54.
Gold’s price also failed to hold its ground last month after a series of both highs and lows in the past few months. Gold has fallen steadily since reaching his five-year high in March 2022, marking his seventh straight monthly red candle for the first time ever.
Despite a promising rally at the beginning of the month, the price climbed to $1,730. fix The price has rallied back to the September low of around $1,617. Gold continues the downward trend that has prevailed throughout the year as he finished the month at $1,630.
