Bitcoin Coinbase Premium Gap Enters Deep Red Zone — Impact On Price?

The recent downturn in Bitcoin's price marks a significant shift, as it closed October with a loss for the first time in seven years. This change comes after a promising start to the month, which was abruptly halted by trade tariff threats from US President Donald Trump. Despite a temporary truce between the US and China, the cryptocurrency market continues to struggle, highlighting the ongoing volatility and uncertainty in this space. Understanding these dynamics is crucial for investors and enthusiasts alike, as they navigate the complexities of the market.