Bitcoin

Sherpa

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As October draws to a close, the much-anticipated ‘Uptober’ phenomenon became a reality, albeit briefly. Throughout the month, Bitcoin showcased significant volatility, hitting both lows and highs before settling at a median. There is an underlying reason for this prevailing weakness in the market. If this index can recover, it could signal the start of the desired uptick in <a href="https://en.coin-turk.com/the-crypto-future-unfolds-in-hong-kong-implications-for-investors-and-asia/" rel="noopener noreferrer nofollow">cryptocurrencies</a>.
<h2 id="why-is-crypto-declining">Why is Crypto Declining?</h2>
The primary reason for the downturn in cryptocurrencies is the declining risk appetite among U.S.-based investors. Developments such as the agreement with China, consensus on tariffs, as well as positive earnings reports from major corporations failed to amend this situation. Although the U.S approved a 12-month agreement with China, market levels remain reminiscent of those during heightened tensions.
On-chain analyst Anıl shared his perspective, emphasizing the concern around the <a href="https://en.coin-turk.com/south-korea-intensifies-regulation-of-cryptocurrency-exchanges/" rel="noopener noreferrer nofollow">Coinbase</a> Premium Index and the necessity for its recovery. Without regaining U.S. volume, the potential price rises could continue to pose risks. The focus needs to be on seeing positive momentum rather than reaching specific price points.
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A higher Bitcoin price on Coinbase compared to other exchanges indicates a rise in the premium index, suggesting strong demand from U.S. customers who are buying BTC above global prices. The current situation highlights a clear negative sentiment with deeper downturns being more evident.
The recovery of the Coinbase Premium Index, signifying an increased risk appetite among U.S. investors, could spur the desired turnaround in cryptocurrencies. Otherwise, every rally might herald another downturn.
<img loading="lazy" src="https://coin-turk.com/wp-content/uploads/2025/10/btc-haftalik-grafigi-dusus-scaled.jpg" alt="" width="1291" height="693">
Cryptobullet shared a BTC weekly graph, describing it as a nightmare. When compared with the previous cycle peaks, it starkly suggests that bull markets might be over. Nonetheless, this cycle is unique in many ways, leaving room for unexpected recoveries.
<h2 id="tao-coin">TAO Coin</h2>
One of the <a href="https://en.coin-turk.com/tron-trx-exhibits-strong-uptrend-amidst-market-pressure/" rel="noopener noreferrer nofollow">altcoins</a> Sherpa is monitoring is TAO. The analyst, who holds a small amount, has shared a graph indicating potential further growth if a certain threshold is crossed. TAO Coin has yielded substantial gains this year, and if it aims for another significant peak, it may be worth considering post-breakout.
<img loading="lazy" src="https://coin-turk.com/wp-content/uploads/2025/10/tao-coin-alinir-mi-31-ekim.jpg" alt="" width="2049" height="1235">
The post <a href="https://en.coin-turk.com/uptober-fades-what-is-halting-cryptos-ascent/" rel="noopener noreferrer nofollow">Uptober Fades: What is Halting Crypto’s Ascent?</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Uptober Fades: What is Halting Crypto’s Ascent?

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