After two months of broad gains, 92% of tracked top-100 cryptocurrencies posted negative returns in October, compared with 9% in September. The median monthly return fell to −17% as losses spread across the market.
Why it matters
The change points to a sharp deterioration in market breadth: October’s weakness reached nearly the entire tracked group, reversing September’s much narrower decline. The month also failed to begin with the expected “Uptober” strength.
Market impact
A Binance incident contributed to further declines, while the −17% median return underscores the scale of losses across the group. The figures describe broad market performance, rather than the result for any one cryptocurrency.
Source: [source](https://webappcsdfedsssd.controller.bot/media/files/8336652911/AgACAgIAAxkBAAJZ_Grpv_HFmyuUSUAfqYUWtxiWAb4eAALDIGsb0IpQS1PvxmS9xhUYAQADAgADeQADPQQ?sig=KzDKRPZOi6SQ1Y8r7mbUAMaZtLQoo_anLzkO9avSrBo)
Frequently asked questions
-
How did October's market breadth compare with September?
In October, 92% of tracked top-100 cryptocurrencies posted negative returns, compared with 9% in September.
-
What was the median monthly return for the tracked cryptocurrencies?
The median monthly return fell to −17% in October.
-
What does the October figure indicate about market performance?
Negative returns affected nearly the entire tracked top-100 group, indicating broad weakness rather than declines limited to a few coins.
-
Did October begin with the expected 'Uptober' strength?
No. The month initially did not start with the expected 'Uptober' strength.
-
What contributed to the further decline during October?
A Binance incident contributed to further declines during the month.
CoinDesk
CryptoSlate
Whale Alert
TheBlock
Crypto Capital Venture
WuBlockchain