Bitcoin's 'Uptober' begins? šŸš€

An unexpectedly positive U.S. jobs report Friday could help propel Bitcoin after a chilly start to the historically strong month for crypto.

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Is ā€œUptoberā€ back on?

October is historically a strong month for Bitcoin and other top assets, but the first few days havenā€™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 thereā€™s reason to be optimistic. Fridayā€™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. Donā€™t forget: September also got off to a rough start, then finished strong.

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