Bitcoin resilient and up 3%. On the way to € 50,000!

Crypto prices are rather at half mast on Monday, October 11. In fact, if we look at the top 10 cryptos in the world, only Bitcoin is doing it with an increase of 3% over the last 24 hours. Confirmation of an excellent October to come for Bitcoin?

For many investors, the month of October should launch Bitcoin on the path of a bull run until the end of 2021. From then on, the price of BTC is followed very closely and every movement is to analyse. Precisely, Monday, October 11, Bitcoin is one of the few cryptos to do very well!

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A difficult Monday for a lot of cryptos!

On this Monday, October 11, cryptos are not celebrating! Aside from the Shiba Inu “anomaly” and his bull run, most cryptos are at half mast. If we take the top 20 global cryptos, we can note for example the following declines (at the time of writing):

  • Cardano (ADA): -2.2%;
  • Ripple (XRP): -3.9%;
  • Solana (SOL): -4.8%;
  • Dogecoin (DOGE): -4.7%;
  • Avalanche (AVAX): -5.9%.

Suffice to say that the cryptos are struggling to start again at the start of the week. But what is Bitcoin doing during this time?

Bitcoin price up 3% and on its way to € 50,000!

At the time of writing this article, Bitcoin’s price is in the green at € 49,790! BTC is up over 3%. It’s simple, apart from the Shiba Inu, Bitcoin displays the best performance of the top 20. If we are interested in the top 10 cryptos, Bitcoin is still the best performing. It is even the only crypto to be in the green if we neglect the Ethereum which flirts (admittedly in positive) around zero!

If we look at the last 7 days, the price of Bitcoin is up 18%. In addition, if we take the last 30, 60 and 90 days, the dynamic is positive with (respectively): + 26%, + 30% and + 75%.

Bitcoin therefore displays a certain resilience compared to other cryptos. This finding is interesting and encouraging for the future. As a reminder, many investors are very positive for Bitcoin in October and more generally at the end of the year. On the web, it is not uncommon to qualify the month of October as an “uptober”. This name refers to the peaks (“ups”) that Bitcoin could reach soon. In the meantime, the price of Bitcoin is approaching the € 50,000 mark!

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