The cryptocurrency market experienced a downturn in October, with major assets posting significant losses. Bitcoin fell over 4%, while Ethereum saw a decline of more than 7%. XRP and Solana both recorded double-digit losses. Memecoins and AI-related tokens also faced sharp declines. The market's slide was attributed to macroeconomic concerns, delayed Federal Reserve rate cuts, and a lack of institutional momentum, prompting a shift towards stable assets. Despite the October downturn, there are still bullish factors on the horizon, including upcoming ETFs and blockchain upgrades, which could potentially drive a market recovery in November.