Bitcoin (BTC) $70,757.62 -3.15%
Ethereum (ETH) $2,191.50 -4.11%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 81.532601 -4.02%
Cardano (ADA) $0.24 -5.36%
Chainlink (LINK) $8.74 -3.66%
Litecoin (LTC) $53.49 -2.88%
Dash (DASH) $41.01 -11.80%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 1.004863 -3.64%
X-Cash (XCASH) 7.0E-6 -18.37%
Dogecoin (DOGE) $0.00 0.00%

Cryptocurrencies: 28771

Markets: 114668

Market Cap: $2,408,198,839,716

24h Vol: $75,873,079,466

Coin-turk.com

2023-11-01 02:28:58

Bitcoin Price Increases by 26.5% in October: Is a Downtrend Possible?

Bitcoin Price Increases by 26.5% in October: Is a Downtrend Possible?

Bitcoin (BTC) price has increased by 26.5% in October, reaching the highest level in a year, as indicated by various indicators such as BTC futures premium and Grayscale GBTC. Therefore, it may be challenging to present a bearish thesis for BTC, as the data reflects a recovery period after the crash and is also influenced by the recent interest rate hikes by the US Federal Reserve.The post Bitcoin Price Increases by 26.5% in October: Is a Downtrend Possible? appeared first on COINTURK NEWS.

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