It does feel like October numbers are coming in so far looking promising for crypto and well for the rest of the market. The core data being looked at is the overall health of the economy and the possibility of future rate cuts. These rate cuts should spark more trading, more money in people's pockets and the ability to get access to money at a much lower rate which often means more buying of homes and every day items as it becomes easier to do so.
Just last month we had a massive 50 point rate cut and from what I've been seeing the meeting in November including the data that has come out in October so far suggests we might actully get another 50 point cut and not a 25 point which was originally thought.
Now the fed needs to be careful not to repeat history. Often times we have found that the rate cuts happen too fast and too aggressively that is spirals things into even higher inflation and into a recession something the USA or anything country and afford right now with global tensions at an all time high.
This "good" news or data points here in October are what seem to be bumping the value in crypto and the overall positive sentiment coming for the stock market and crypto markets right now.
But there are still big unknowns and things of which have negative impacts on the markets. The Ukraine war continues to rage on and at this rate will most likely keep going for many years to come unless there is some type of breakout on one side over the other which doesn't seem like it's going to happen. We also have Iran and Israel which we know Israel is going to strike back and when that happens I can bet yet the markets will tank once again.