Bitcoin, Ethereum, XRP Slide — ’Uptober’ Fails Early Test

 Bitcoin, Ethereum, XRP Slide — ’Uptober’ Fails Early Test

In the first half of October, what many hoped would be a strong month for cryptocurrencies—often dubbed “Uptober”—has turned shaky. Over a 24-hour span ending October 15, Bitcoin fell about 2.2% to $110,558, wiping out substantial gains.
Other assets also stumbled: Ethereum dropped 3.6%, Solana 6.5%, and XRP 5%, according to Kraken exchange data.
The downturn is attributed to rising trade tensions between the U.S. and China, which spooked investors out of risk assets like crypto.
Notably, Bitcoin’s retreat at one point exceeded 15% from its recent peak, surpassing even the single-day loss of the Dow Jones during the 1929 crash in percentage terms.