The leading cryptocurrency, Bitcoin, made a strong start to October, a month historically known for its bull run. At this point, BTC closed the week above $86,000, marking its highest closing level in the last eight months.
However, Bitcoin, unable to surpass the $87,000 level, fell back below $86,000 due to selling pressure.
Interest Rate Expectations Support Bitcoin!
Economic data from the US is believed to have influenced the rise in Bitcoin’s price.