No ‘Uptober’ Yet: Bitcoin Slips 2%

Bitcoin’s price retook $82,000 on Monday as choppy trading last week stunted the coin’s gains. 

The biggest cryptocurrency by market cap was recently trading for close to $82,393 — up by close to 2% over the past day but still down over a seven-day period. 

Bitcoin has gotten off to a slow start for so-called Uptober, a month when the cryptocurrency has typically surged: Since the beginning of October, bitcoin’s price has dropped by 2%. 

U.S. investors last week cashed out of exchange-traded funds, with speculators redeeming $228.4 million in shares from the investment vehicles managed by BlackRock, Fidelity, and Grayscale, according to data from Farside…

Read more on BitcoinMagazine

1.6K Reads