Bitcoin And Ethereum Dip: Investors Anticipate Uptober Bull Run
Monday, 30 September 2024, 03:42
Bitcoin and Ethereum Market Trends
As the markets are shaken by the upcoming Jerome Powell speech and crucial jobs data, Bitcoin and Ethereum have witnessed a significant dip. Recent rallies, including Bitcoin's surge to nearly $66,500 on Sept. 27, were influenced by lower-than-expected personal consumption expenditure (PCE) data. Investors are distinctly hopeful for an 'Uptober' bull run, despite the current fluctuations.
Current Market Sentiment
- Jerome Powell's upcoming remarks may influence market direction.
- The dip raises questions about sustainability of recent highs.
- Investors remain optimistic due to historical trends in October.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.