Bitcoin on track for October gains after streak of monthly losses – The National

Bitcoin on track for October gains after streak of monthly losses – The National

Bitcoin looks set for gains in October, defying a recent streak of monthly losses as the macro picture shows hints of improving and cryptocurrency market data improve.

The largest cryptocurrency is up 6.5 per cent in October and was trading at about $20,700 as of 11am in the UAE on Saturday, while second-biggest Ether has risen 19 per cent.

Both tokens dropped in five of the previous six months, and bulls had been putting hope into this month as October has historically tended to be positive for crypto prices.