Bitcoin and ether suddenly rising – Is October launching its “uptober”?
Indeed, from October 1st, a fairly rare phenomenon was observed in recent times: Bitcoin and Ethereum suddenly jumped by +4% in the space of just 15 minutes! In detail, more than $70 million in short positions were liquidated in no time after this increase which took many portfolios by surprise.
The price of BTC flirted with the long-awaited $28,000 mark. Ethereum (ETH) also saw a significant increase of 4.7%, flirting with $1,700. It didn't take much, especially in this period of scarcity in the world of cryptos, for us to talk about an "Uptober", that is to say a bull market in October. The collective crypto memory keeping in mind the long-awaited deadline with the potential approval of Bitcoin spot ETFs by the SEC