🚨 BTC/USD: Bitcoin Jumps 27% in Uptober, Outperforming Every Other Large-Cap Asset:🚨

•The orange coin staged a whopping rebound on hopes for the first US-based spot Bitcoin ETF. Stocks ended the month with losses.

•October has just wrapped up and investors are taking stock of their portfolio. It was a battering month for valuations across the board. Just not for Bitcoin (BTCUSD)

•The orange cryptocurrency slapped a 27% October gain on its accounting books as the month lived up to its highly-upbeat Uptober nature. Bitcoin kicked off dealmaking near $27,000 and wrapped up at $34,500 as bright spot BTC ETF prospects stirred up excitement.

Stocks, on the other end, dipped in red territory with the S&P 500 ending October 2.2% lower. The Nasdaq Composite was the biggest loser index with a 2.8% drop and the Dow Jones erased 1.4% for the first month of the fourth quarter. All three Wall Street benchmarks notched a third straight month of declines.

•Elsewhere, gold (XAUUSD)

brought back its shine amid war tremors between Israel and Palestinian group Hamas that began in the first days of the month. The precious metal saw increased appetite, leading to a 10% October gain, the commodity’s best monthly track-record since March. Still, no one of the large-cap assets comes close to Bitcoin’s parabolic October curve.

$BTC #BTCpredictions