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

Bitcoin’s price is currently down so far in October — albeit slightly — as speculators last week cashed out of ETFs. Will investors change course? 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%.

Source: Bitcoin Magazine