Bitcoin fell on Monday, remaining on the backfoot after logging its first October loss since 2018, as caution over a cooling economy and U.S.-China trade relations kept risk appetite largely on the backfoot. The world’s largest crypto was nursing steep losses through October, having largely lagged broader risk assets after a flash crash in the beginning of the month.
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Bitcoin fell on Monday, remaining on the backfoot after logging its first October loss since 2018, as caution over a cooling economy and U.S.-China trade relations kept risk appetite largely on the backfoot. The world’s largest crypto was nursing steep losses through October, having largely lagged broader risk assets after a flash crash in the beginning of the month.