Bitcoin’s performance is squashing hopes for an “Uptober,” the nickname traders have given to October, a month where bitcoin has seen, on average, a roughly 20% jump in price since 2013. The largest cryptocurrency, bitcoin, now sits at $109,954 as of 10:30 a.m. Friday, an 8% drawdown from October 1, when it was trading at the $118,500 level, per CoinGecko. The last time bitcoin had a negative price performance in October occurred in 2018, data from CoinGlass shows. Analysts at blockchain analytics firm CryptoQuant pointed to a noticeable slowdown in US investor demand for bitcoin, both in spot and derivative markets. ... (full story)