Bitcoin Ends Historic September With a Dip, but Breakout May Not Come Before U.S. Election
Bitcoin price on 09 30 (CoinDesk)
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Bitcoin price on 09 30 (CoinDesk)
Bitcoin price on Aug. 27 (CoinDesk)
Cryptocurrencies Wednesday roared back from yesterday’s drubbing, with bitcoin [BTC] nearing a new 18-month high just shy of $38,000 after tumbling below $35,000 at one point on Tuesday.
Altcoins posted gains of 5%-10% on Monday while bitcoin (BTC) treaded water near $35,000 as investors ventured into riskier tokens as calls for an altcoin season emerge.
Investment research firm ByteTree upgraded bitcoin’s price outlook to “bull” from “neutral” as the crypto benefits as a “safe haven” amid an equity and bond sell-off.