Today, October 1, 2024, Bitcoin is trading at around $63,840, up about 5.87% in the past 24 hours, and up 9.16% in the past week. There are expectations that Bitcoin could reach $70,000 this month, as October is historically a strong month for the cryptocurrency market. Reasons for this rise include the Federal Reserveâs interest rate cuts and increased institutional interest in Bitcoin as a safe haven asset in times of economic volatility. This rise is likely to continue in the coming weeks, based on technical indicators such as moving averages and the MACD bullish crossover.
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