October has historically treated the crypto market quite well. In the first three days of the months, it has retained that historical precedent. 📅
Crypto got a pretty big boost after China banned crypto last month. It might have been pushed north by looming fears in the world of stocks, fears about the debt limit, Fed Chair Jerome Powell announcing that the U.S. government had ‘‘no intention’’ to ban crypto, and El Salvador jumping into the Bitcoin mining space by using energy from its volcanoes. ⬆️
The global crypto market climbed double-digits this week, boosted by $BTC.X and $ETH.X‘s 10% jumps. Other large-caps made big moves this week too, including $SOL.X (+23.8%), $BNB.X (+22.9%), and $LUNA.X (+19.9%).
The week’s biggest winners included blockchain game Axie Infinity (+95.1%) and the OMG Network (+75.04%).
It seems that the September Curse has come to a close. Sentiment is looking up and crypto pundits are welcoming “Uptober” on Twitter.