Bitcoin is flying high 💸

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📝 What you need to know

Yesterday, we wondered if “Uptober” was finally here. Now we’re pretty sure.

Bitcoin spiked to just shy of $68,000 this morning, wrecking loads of short positions in the process. Granted, the price immediately plunged, prompting a wave of long position liquidations alongside—but it’s since been back on the rise, settling just below $67,000 as of this writing. The last time we saw Bitcoin approach $68,000 was in July.

While October got off to a stumbling start for the crypto industry, Bitcoin is now firmly up since the start of the month, and has popped by 11% over the past 30 days. Standard Chartered thinks BTC could recapture its March all-time high price around $73,800 before next month’s U.S. election, so… buckle up, crypto investors.

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