If you've been on Twitter (I mean X💀) in the last few hours, I'm sure you've seen #uptober already. This evening, $BTC rallied up to 28k and is currently sitting right around there still at the time of writing. Not only Bitcoin, but many alts made a move up as well. $ETH is sitting around 1727, $SOL made around a 13% gain, and coins like $LPT sitting at 20% right now so It's fair to say it was a green day, and was quite the move! But it's important to remember not everyone was a winner, with about 70 million in shorts that were liquidated. In my opinion, where the market has shown a lot of stagnation lately, tons of people were caught off guard with the move happening in a very short period of time. As always, it's hard to tell, and it does seem quite bullish, but there still isn't much new liquidity in the market. Altcoins are still way down from a year ago (mostly from everyone getting out of high-risk coins and getting into Bitcoin lol). Also, the pump today, I imagine, had to do with the government shutdown being averted. It will take time to tell if 28k is a new range low, and if October will be green.
Bitcoin rallies to 28k
By comosaycomosah | Market Watch and News updates | 2 Oct 2023
Heller! Was never much of a writer but decided to try my hand at blogging regularly about things I'm interested in like crypto, web3, trading, programming, linux, open source, cyber security and just general ramblings lol. Follow me @comosaycomosah 🙏
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