CryptoCompare Asset Report October 2022

Report Summary

In October, the performance of digital and traditional assets was mixed. Ethereum was one of the best performers of the month with an 18.4% return, while BTC rose 5.49% after breaking a $20,000 resistance level.

October Highlights

  • Monthly volatility saw a sharp decline in October, recording a yearly low volatility for most cryptocurrencies. Bitcoin recorded a monthly volatility of 32.2%, a figure that was lower than the S&P500 and NASDAQ’s recorded volatility for the same period. 
  • Mining firms have been heavily selling their underlying holdings, leading to significant net outflows over the last six months. In October alone, Bitcoin mining companies recorded net flows of -7056 BTC.
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