The crypto market is seeing very bullish trends for Bitcoin and Ethereum in early October 2024, with growth forecasts for both currencies. Current macroeconomic conditions, such as potential interest rate cuts in the US and China, are helping to infuse liquidity, which could support Bitcoin and Ethereum's growth.
Historically, October has often been a profitable month for Bitcoin, as evidenced by the past five years of growth ranging from 5% to 40%. Analysts expect Bitcoin to reach a new high in October 2024, thanks to increased interest in Bitcoin ETFs and overall positive momentum. However, before that, another correction is expected, after which a sharp increase in price is possible [oai_citation:4,Bitcoin, Ethereum, and Solana Ready To Explode In October, Here's Why - The Coin Republic](https://www.thecoinrepublic.com/2024/09/29/bitcoin-ethereum-and-solana-ready-to-explode-in-october-heres-why/) [oai_citation:3,Bitcoin price eyes’ last dip’ before October breakout: Analysts](https://cointelegraph.com/news/bitcoin-bull-run-ahead-schedule-september-correction-analysts).
$ETH
Ethereum is also forecast to show positive growth. Its price is expected to gradually increase to the $2,630–$2,760 range in October, with further gains possible due to increased whale activity and the development of second-layer solutions such as rollups [oai_citation:2,Ethereum (ETH) Price Prediction 2024, 2025 - 2030](https://cryptonews.com/price-predictions/ethereum-price-prediction/) [oai_citation:1,Bitcoin price eyes’ last dip’ before October breakout: Analysts](https://cointelegraph.com/news/bitcoin-bull-run-ahead-schedule-september-correction-analysts).
Summary
Both assets show good prospects for the coming month, especially given their stability in historical dynamics and growing interest from institutional investors. October is traditionally a favorable period for cryptocurrencies, and the current market situation is likely to continue this trend.
