The price of both Bitcoin and Ethereum briefly surged nearly 4% in 15 minutes on Oct. 1, leading market commentators to declare that “Uptober” had officially commenced.
The price of Bitcoin and Ethereum surged nearly 4% in just a 15-minute window, sparking bullish predictions for the remainder of October.
According to data from TradingView, the sudden pump saw Bitcoin surge 3% in just 15 minutes from $27,100 to $28,053 before settling down just below the $28,000 mark at the time of publication.Similarly, the price of Ethereum’s native currency Ether also surged, gaining as much as 4.7% in a brief spike to $1,755 before leveling out to $1,727 at the time of publication.
The sudden movement has left most in the community scratching their heads. Many commentators said the move aligned with the arrival of “Uptober.”Uptober is crypto parlance for October typically being a bullish month for the price action of Bitcoin and other cryptocurrencies.
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