Uptober underway: Bitcoin closes in on 7-week high at $120K

Bitcoin surged 4% to $119,450, its highest in seven weeks as expectations of Fed rate cuts and October’s bullish history drove crypto market gains.

Crypto markets have surged over the past day, culminating in a seven-week high for Bitcoin as the historically bullish month of October begins. 

Bitcoin (BTC) prices have skyrocketed 4% over the past 24 hours, with the world’s leading digital asset hitting $119,450 on Coinbase in early trading on Thursday, according to TradingView.

This is the highest price Bitcoin has reached since Aug. 14, seven weeks ago, when it started correcting from its all-time high.

Read more