Bitcoin spikes to $66k amid ‘Uptober’ sentiment
Bitcoin price broke to above $66,000 for the first time in nearly three weeks Cypto analysts at QCP say ‘Uptober’ and the US election sentiment could push bulls higher Bitcoin’s (BTC) price rose more than 6% to break above $66,000 on Monday, October 14, 2024, as most cryptocurrencies recorded 24-hour gains. According to data from CoinGecko, BTC’s price had reached highs of $66,173 across major crypto exchanges. On Coinbase it hit $66,296. The gains came as the flagship cryptocurrency bounced from the uncertainties witnessed the previous week, with Bitcoin bulls seeing a 4% flip in weekly price performance. Bitcoin traded around $65,959 on Coinbase at the time of writing, suggesting a potential continuation amid gains across the S&P 500. The issue of China’s stimulus package was also in trader sentiment. In the crypto market, the overall “Uptober” mood looked to have swung in as altcoins also rose. BTC chart. Sou...