No ‘Uptober’ Yet: Bitcoin Slips 2% in a Month That’s Historically Bullish

Bitcoin Magazine No ‘Uptober’ Yet: Bitcoin Slips 2% in a Month That’s Historically Bullish Bitcoin’s price retook $82,000 on Monday as choppy trading last week stunted the coin’s gains. The biggest cryptocurrency by market cap was recently trading for close to $82,393 — up by close to 2% over the past day but still down over a seven-day period. Bitcoin has gotten off to a slow start for so-called Uptober, a month when the cryptocurrency has typically surged: Since the beginning of October, bitcoin’s price has dropped by 2%. U.S. investors last week cashed out of exchange-traded funds, with speculators redeeming $228.4 million in shares from the investment vehicles managed by BlackRock, Fidelity, and Grayscale, according to data from Farside Investors.

First reported by Bitcoin Magazine. This page is a short excerpt; the full text is theirs.