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Stock impact report

Bitcoin Is Sliding Amid Rate Cut Uncertainty. Here's Why 'Uptober' Never Happened. [Yahoo! Finance]

ETHZilla Corporation (ETHZ) 
Company Research Source: Yahoo! Finance
Key Takeaways The price of Bitcoin extended its slide Thursday, heading toward its monthly low of around $104,000. Other cryptocurrencies also lost ground, along with U.S. stocks. The slide could underscore broader risk-off sentiment fueled by anxiety around the Federal Reserve's plans for future interest rate cuts. Whatever happened to "Uptober?" The price of Bitcoin ( BTCUSD ) extended its slide Thursday, and altcoins including Ether ( ETHUSD ) and Solana ( SOLUSD ) fell even harder—likely disappointing those expecting October gains to materialize by tomorrow. The world's most well-known cryptocurrency is now below $107,000, down more than 6% so far this month—and 15% from its record high on Oct. 6—while Ether and Solana have each fallen about 10% in October. The slide could underscore broader risk-off sentiment fueled by anxiety around the Federal Reserve's plans for future interest rate cuts, after Fed Chair Jerome Powell said yesterday that another cut in December is " Show less Read more
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