Bitcoin added 5.5% in October after two consecutive months in the red
At press time, it is sitting at $20,520 on the Bitstamp exchange after adding 5.5% in October.Bitcoin managed to close its first green monthly candle since July, with the “Uptober” meme living up to the expectations. The logic behind the monicker
Since cryptocurrency trends tend to be cyclical, different patterns emerge that tend to become self-fulfilling prophecies. For instance, September tends to be a bearish month, which was the case this year. At the same time, crypto tends to recover in October, which is why this month has been jokingly renamed “Uptober” by members of the community.
In 2021, the global cryptocurrency market cap grew to $2.6 trillion by the end of October, with meme coins of the likes of Shiba Inu stealing the spotlight with massive gains. Last November, Bitcoin reached its current peak of $69,000. Bitcoin is still down a staggering 70.27% from its record peak.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
BTC price struggles at $21K as trader says 'top is in' for Bitcoin, EthereumBitcoin might have already said goodbye to $21,000, weekend analysis suggests.
Les mer »
BTC price sees ‘double top’ before FOMC — 5 things to know in Bitcoin this weekBitcoin has been holding steady above $20K, but one key event this week could change that. (Reporting via WilliamSuberg)
Les mer »
Dogecoin’s 102% Spike Steals the Spotlight as October EndsBitcoin's price has neared a key level months after the June 13 sell-off. Investors should still watch for movement of bitcoin to exchanges.
Les mer »
Inflation is coming for your Christmas treePrepare to face a 5% to 15% jump in prices for live trees.
Les mer »
3 Bitcoin Mining Records Set in October — BTC Hash Price Taps Lifetime Low, While Hashrate and Difficulty Surged – Mining Bitcoin NewsThree records were set in October, as hash price hit an all-time low, difficulty reached a lifetime high, and bitcoin’s hashrate skyrocketed.
Les mer »