Hello,
First day of October, after a cold Setember for Crypto, October is here and all the market has reacted. October is a pretty bullish month for crypto historically and it appears that this one will be too.
Bitcoin just shoot up 10% and all the market followed the tendency with some alts gaining more than Bitcoin. We can say that the sentiment is very bullish this month with many traders and holders expecting gains in October because of the history. This means that people may buy hard during this month and this can setup a pretty bullish end of the year for all of us. New ATH can be set until the beggining of 2022.
Lets take a look at some of the gains.
Bitcoin - Started the day at 44k and it peaked today at 48k, a 4k increase in a matter of hours.
ETH - Started the day at 3k, peaked at 3250$, a percentage increase almost equal to BTC.
ADA - Started at 2.10$ and peaked almost at 2.25$.
BCH - Started at 500$ and peaked at almost 545$.
As you can see the top 3 coins did really well in just a couple of hours, BCH which is bellow in market cap also did really good. This proves the shift in sentiment, I think it's official we are bullish for the next couple of days or even weeks.
This market is truly a rollercoaster, a few days ago everyone was scared of what may happen, but crypto has this things, turns everything around in just a couple of hours, sometimes even minutes. Don't let yourself get caught up with the FOMO and use your strategy to build up your crypto portfolio. Trusting yourself is the key to success.
Best Regards,
Cryptopeach
