Will Bitcoin Uptober Downturn Trigger a Steeper Drop?

Quick Summary:

Bitcoin (BTC) has started October on a bearish note, trading at $62,277.28, with a slight 1.4% uptick in the past 24 hours, after hitting a two-week low of $59,828 just three days ago.

Over the past week, Bitcoin has declined by 5%, with its trading volume down by 20%.

On the technical side, Bitcoin’s daily chart suggests a bullish trend.

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Article Details

Author / Journalist: Janani

Category: Crypto

Markets: United Arab EmiratesJapanSouth Korea

Topics: Drop Trigger Blockchain Uptober Analysts Steeper Bitcoin Investment Downturn Crypto Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-05 @ 10:23:55 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 285 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 22896971

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 6 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 13 hours ago

Coverage Areas: United Arab Emirates

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