Bitcoin has been challenged in recent weeks amid geopolitical pressures and risk aversion in the broader market. Analysts said that Bitcoin reached an all-time high in early October, after maintaining its upward momentum alongside gold and stocks. However, a correction followed US President Donald Trump's announcement of a 100% tariff on Chinese imports and threats to control the export of key software. The biggest liquidation of cryptocurrency investments in history shocked the market on October 10. In less than a few days, Bitcoin fell from a peak of over $126,000 to a low of $104,782.88 between October 10 and 11.
According to experts, the October 10 drop clearly showed the high volatility and inherent risk of the cryptocurrency market. Bitcoin and Ethereum, despite their dominance, could not avoid falling up to 10% in just 15-20 minutes.
In terms of market context and long-term outlook, despite a volatile October, Bitcoin has still recorded a gain of more than 16% year-to-date, largely benefiting from the Trump administration’s support for digital assets. The White House’s policies have promoted deregulation, dismissed many lawsuits against cryptocurrency platforms, and created space for financial regulators to develop regulations more suited to the specifics of digital assets.
Source: https://baotintuc.vn/thi-truong-tien-te/bitcoin-lan-dau-tien-trai-qua-thang-10-mat-gia-ke-tu-nam-2018-20251101094359603.htm
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