Bitcoin (BTC) Lives up to Uptober, Closes First Monthly Green Candle Since July
Historically, October has been a month of uptrends for the crypto market, hence the name Uptober. However, this year seemed a little different with Bitcoin (BTC) and the broader crypto market experiencing one of its biggest declines.
Regardless of the bearish market, Uptober managed to live up to expectations, with Bitcoin closing its first green monthly candle since July. Bitcoin opened the month at $19,380 and closed at $20,600 for gains of 6.4%.
Despite falling as low as $18,400, Bitcoin rallied in the last week of October to hit a six-week high of $20,988. Bitcoin currently exchange hands at $20,530, holding the global crypto market cap above the $1 trillion mark.
With October living up to expectations, investors are predicting that the asset would record a similar rise in “Moonvember.”
