Reported 1 day ago
In October, dubbed 'Uptober' for historically benefitting Bitcoin, the overall crypto market surged beyond $4.3 trillion, with Bitcoin breaking its all-time high to trade around $124,100 and Ethereum surpassing $4,500. Despite a minor price correction, Bitcoin remains above its key moving averages, suggesting a possible continuation of the bullish trend. Institutional interest has soared, contributing to significant capital inflows. However, analysts warn of potential overbought signals and highlight various risks that could derail the current rally, while remaining optimistic about a sustained upward momentum in the near term.
Source: YAHOO