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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
10/01/2023

Bitcoin Surpasses $28,000 Mark, Crypto Market Turns Green Welcoming "Uptober"? Jane

The cryptocurrency market has seen positive growth at the beginning of October 2023 as the price of Bitcoin (BTC) surpassed the $28,000 mark. Fluctuations of top cryptocurrencies compared to a day ago. Screenshot from Coin360 taken at 03:50 PM on October 2, 2023 At the start of October 2023, after a wearying sideways movement in Q3, the price of Bitcoin (BTC) officially broke the $28,000 barrier. BTC temporarily peaked at $28,400, its highest level since mid-August when SpaceX announced a $37

Bitcoin Surpasses $28,000 Mark, Crypto Market Turns Green Welcoming "Uptober"? Jane

The cryptocurrency market has seen positive growth at the beginning of October 2023 as the price of Bitcoin (BTC) surpassed the $28,000 mark.

Fluctuations of top cryptocurrencies compared to a day ago. Screenshot from Coin360 taken at 03:50 PM on October 2, 2023

At the start of October 2023, after a wearying sideways movement in Q3, the price of Bitcoin (BTC) officially broke the $28,000 barrier.

BTC temporarily peaked at $28,400, its highest level since mid-August when SpaceX announced a $373 million BTC sale.

1-hour chart of BTC/USDT pair on Binance at 03:50 PM on October 2, 2023

Ethereum (ETH) also surpassed the $1,700 mark and is currently peaking at $1,750.

1-hour chart of ETH/USDT pair on Binance at 03:50 PM on October 2, 2023

Thanks to the acceleration of these two leading cryptocurrencies, the cryptocurrency market has turned green with many coins seeing double-digit increases.

Price movements of top 20 coins on CoinGecko at 03:50 PM on October 2, 2023

Notably, Solana (SOL) surprised many by being the top 100 coin with the most impressive growth over the past 24 hours, nearing 14%.

1-hour chart of SOL/USDT pair on Binance at 03:50 PM on October 2, 2023

It seems that after a period of relative quiet, Solana has regained community trust and is recovering from the FTX/Alameda Research crash.

Crypto enthusiasts often humorously refer to October as "Uptober" - the month of growth - as historically, BTC prices tend to turn green in October in most years.

Monthly Bitcoin price movements

And is the market actually following suit?