Cryptocurrencies posted strong gains in October. Here’s why investors are optimistic on the rest of the year

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Crypto posted strong gains in October. Here’s why investors are optimistic on the rest of the year

Bitcoin rose 3.8% for the month, after falling 2.8% the month before, according to Coin Metrics. Ether did better, climbing 16.2% in October and recovering from its 14.6% loss for September. Prices were unusually flat for most of the month, but several investors have interpreted that as stability and resilience. Cryptocurrencies have two big market weeks to get through. Investors got a slew of economic data this week and the Federal Reserve hiked interest rates by 0.

"These are the things that aren't rising to the top, but they're the qualitative elements that will catalyze a strong close for crypto this year," he said. "This has been a year of posturing and research. We're starting to see the chart now into 2023, which will be the year of action – and that's where you'll start seeing that price volatility come back." Bigger appetite for ether The case for investing in ether is also growing.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

C’mon guinea pigs, Wall Street need more meat to cover their loses for 2022.

Fake news again by you lefty’s.

You website is down. How do you not see this?

Lies

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 things to know before the stock market opens TuesdayHere are the most important news items that investors need to start their trading day.
Source: CNBC - 🏆 12. / 72 Read more »