Bitcoin rose to a 6-week high thanks to the continued influx

Bitcoin rose to a 6-week high thanks to the continued influx of cryptocurrencies on exchanges in October, when this asset usually sees growth, Bloomberg writes.
Ethereum, Litecoin and Solana also rose ahead of the upcoming trial of Sam Bankman-Fried, the founder of failed exchange FTX, which is set to begin on Tuesday. The broad rise in cryptocurrencies contrasted with the stock market, where major indexes in Europe fell earlier in the week.
Analysts attribute the rise in BTC value to significant purchase flows at the beginning of the new reporting quarter and a lack of liquidity over the past weekend.
Bitcoin rose 5.1% to $28,489, its peak since August 17. It rose 4.1% in September, but still fell 11% last quarter.#blockchain  #Bitcoin  #binance  #cryptocurrency  #CryptoNews  $BTC $ETH $SOL

.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}Bitcoin rose to a 6-week high thanks to the continued influx of cryptocurrencies on exchanges in October, when this asset usually sees growth, Bloomberg writes.

Bitcoin rose to a 6-week high thanks to the continued influx of cryptocurrencies on exchanges in October, when this asset usually sees growth, Bloomberg writes.