Bitcoin posts worst October in 12 years, eyes November and US midterms

Bitcoin finished October near 77 400 dollars, down 7.32 % for the month. The drop marks the second straight October decline and the weakest performance since 2014.

Traders are now looking to November, a month that has historically delivered average returns of 34.9 % for the asset.

A Bloomberg poll of 301 investors found that 29 % expect bitcoin to top 100 000 dollars by the end of 2026 if Republicans control Congress. Only 8 % see the same outcome under Democratic control.

In a Democratic-majority scenario, 55 % of respondents forecast a decline that still stays above 60 000 dollars by year-end.

Based on information from cryptonews.net