Bitcoin price faces second straight ‘Downtober’ as US spot demand weakens

Bitcoin faces a second straight losing October as CryptoQuant flags weak US spot demand, despite $176 million in ETF inflows ahead of the Fed decision.
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Explained in this story
Federal Reserve
The central bank of the United States, which sets US interest rates and supervises banks.
Because the dollar is used worldwide, its rate decisions affect borrowing costs and markets in many other countries.
More about Federal ReserveBitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinExchange-traded fund
An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.
ETFs offer low-cost, diversified investing and are a fast-growing way people save.
More about Exchange-traded fundFrom the blog
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