Bitcoin Keeps Reversing. Why Are 80% of Crypto Tokens Falling?

Bitcoin has spent October making both bulls and bears look foolish. It slipped below $80,000 last week, recovered toward $84,000 this week, then fell back toward $81,000. Each bounce has looked promising. Each reversal has exposed how little confidence there is behind it. The damage is much worse beneath Bitcoin’s price. In its October 17–23