Bitcoin Rises Toward $21,000 After Rediscovering Seasonal Trend
- Token has turned higher for October, usually a positive month
- Hopes of some kind of Fed pivot may be helping crypto prices
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Bitcoin is back on track to respect a history of climbing in October amid speculation that the Federal Reserve is getting closer to pivoting toward less aggressive interest-rate hikes.
The largest token has jumped nearly 7% in the past two days and is up a similar amount for the month so far. That’s still short of the average 22% gain in October over the past decade, according to data compiled by Bloomberg.