Bitcoin has snapped off its second-largest monthly gain this year as the asset begins a new phase of upward momentum, analysts speculate. Bitcoin’s performance for October is one of the year’s best month’s after rising more than 28% following a period of low volatility in the third quarter. Only the month of January — a 40% increase — stands out as a better performer in 2023.
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Bitcoin golden cross appears following largest monthly gain in 9 months
“Volatility levels for bitcoin (BTC) and ether (ETH) have shown signs of maturation for the asset class, as the typical investor profile steadily shifts to be more institutional and less retail-oriented.”
