Bitcoin's Red October: First negative close in seven years

Ekta Mourya FXStreet

Bitcoin just made history twice in October: a new all-time high above $126,000, then its first negative monthly close since 2018. With BTC consolidating under $110,000 and momentum indicators turning bearish, traders are watching $103,500 support as the critical level. We break down whether November brings recovery to $118,000 resistance or a repeat of 2018's brutal 36% crash.

Author

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

XRP steadies in narrow range as fund inflows, futures interest rise

Ripple is trading in a narrow range between $1.45 (immediate support) and $1.50 (resistance) at the time of writing on Monday. The remittance token extended its recovery last week, peaking at $1.67 on Sunday from the weekly open at $1.43.

Crypto Today: Bitcoin, Ethereum, XRP trade within range amid low retail interest

Bitcoin, Ethereum and Ripple continue to exhibit subdued volatility, consolidating within narrow ranges at the time of writing on Monday. Persistent low retail participation and weak technical structures limit the chances of any extended upside price movements.