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Bitcoin's 'Uptober' begins? 🚀
An unexpectedly positive U.S. jobs report Friday could help propel Bitcoin after a chilly start to the historically strong month for crypto.
Andrew Hayward
October 04, 2024
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Is “Uptober” back on?
October is historically a strong month for Bitcoin and other top assets, but the first few days haven’t been very reassuring. The price of BTC is down 6% on the week and dipped below $60,000 on Thursday amid geopolitical tensions, plus Bitcoin ETFs have marked three straight days of losses.
But there’s reason to be optimistic. Friday’s U.S. jobs report was unexpectedly strong, and the price of Bitcoin has neared $62,500 already this afternoon as analysts tell Decrypt that the bullish economic news could boost BTC and other risk assets. Don’t forget: September also got off to a rough start, then finished strong.
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