Bitcoin’s ‘Uptober’ momentum fueled by pro-crypto US candidates and fading global tensions
Bitcoin surged to a high of $66,000 in the past 24 hours, breaking out of weeks of stagnation as the broader crypto market showed signs of recovery.
October has historically been a strong month for investors, with gains as high as 60% and an average return of 22%. Despite this, the market has remained stable over the past weeks, leading to a more cautious outlook among investors.
Yesterday’s upward movement, however, has rekindled optimism around the “Uptober” narrative as market analysts highlight why the top asset’s run could continue.
According to CryptoSlate’s data, Bitcoin’s price has slightly retracted to $65,632 as of this writing.
US elections
A major factor driving this renewed momentum is the growing perception that…
