Bitcoin closed October in the red despite breaking a record.
The total cryptocurrency market capitalization fell by 9% in a month. 
Bitcoin (BTC) ended October down 3.69%. This is the first time this has happened since 2018. That followed even worse November and December, during which BTC lost 36% and 5%, respectively, according to Coinglass.
Bitcoin Monthly Return. Source: Coinglass
October and November are statistically considered the most favorable months for Bitcoin growth, but this year the market has deviated from its usual seasonal pattern. The term “Uptober” (a portmanteau of “up” and “October”), traditionally used to reflect the seasonal rise of cryptocurrencies, has failed to materialize this year.
rbc.group
As of 11:00 AM Moscow time on November 1, BTC was trading near $110,000—the same level as the previous day. The coin's price has retreated 13% from its all-time high of around $126,000 reached on October 6.
BTC/USD
110 420 +420 (0.38%) OKH Nov 01 11:30:10 1d 3d 1m 3m 1g 5l
The Ethereum (ETH) price, which ended September at around $4,100, fell to $3,800 (-7.3%) by the end of October. Compared to its August high of almost $5,000, the second cryptocurrency has lost 22%.
ETH/USD
3,874.3 +29.1 (0.76%) OKH Nov 01 11:30:03 1d 3d 1m 3m 1g 5l
The total crypto market capitalization fell by 9% in October, from $4.08 trillion to $3.7 trillion. Zcash (ZEC) was the top gainer among the top 100 cryptocurrencies in October, rising 190%. The Story token (IP) saw the largest decline, falling 51%.
At the end of October, trading in US Bitcoin spot exchange-traded funds (ETFs) resulted in a net inflow of $3.61 billion, according to SoSoValue. The positive trend was driven by the first two weeks of October, during which Bitcoin ETFs attracted approximately $6 billion. Investors withdrew more funds in the second half of the month.
Ethereum exchange-traded funds (ETFs) experienced a similar situation. In October, net inflows, mostly occurring at the beginning of the month, totaled $668 million.
On November 1, the Crypto Market Fear and Greed Index stood at 33 out of 100. The indicator fluctuates in the “fear” zone, as it has for almost the entire second half of October. The index's position suggests that investors are more inclined to sell cryptocurrencies than to buy them.
Source: cryptonews.net
