#BTC price hits ‘Uptober’ up 5% — 5 things to know in Bitcoin this week
BTC price starts the celebrated month of “Uptober” with a trip past $28,000, but the question on everyone’s lips is whether Bitcoin can hold its ground.
Bitcoin (BTC) starts a new week, a new month and a new quarter with a firm bullish move past $28,000.
The largest cryptocurrency greets “Uptober” in style with its best weekly close since mid-August — what lies in store next?
After mixed BTC price action in September, market participants were prepared for a potentially volatile monthly close, but in the end, this ended up in the bulls’ favor.
With October frequently the sight of tangible BTC price gains, excitement is brewing over what might happen in the coming weeks.
Macro triggers may not hold the answer immediately, as October begins with a quiet phase for United States macro data and the government averting a shutdown at the last minute.
Bitcoin fundamentals are not yet echoing the spike in spot price, with mining difficulty due to decrease at its next automated readjustment on Oct. 2.
Cointelegraph looks at these topics and more in the weekly digest of BTC price catalysts lying in wait.