Bitcoin Adds $124 Billion to Market Cap Since Start of ‘Uptober,’ Per Report

HKAN | Oct 4

Bitcoin Adds $124 Billion to Market Cap Since Start of ‘Uptober’

According to recent reports, Bitcoin (BTC) has added approximately $124 billion to its market capitalization since the start of October, a month often referred to in the crypto community as “Uptober.”

The rally reflects renewed investor optimism and increased institutional interest in digital assets. Analysts attribute the surge to multiple factors, including positive macroeconomic indicators, upcoming ETF launches, and growing confidence in Bitcoin as a store of value.

Market experts note that October has historically been a strong month for Bitcoin, with many previous bull runs beginning during this period. This year’s “Uptober” has already seen significant gains, fueling speculation that Bitcoin could continue to climb toward new highs.

The $124 billion increase in market capitalization demonstrates the resilience of the cryptocurrency amid global economic fluctuations and positions Bitcoin as a dominant force in the crypto market heading into the final quarter of the year.

As investor sentiment strengthens, attention is now focused on whether Bitcoin can maintain momentum and continue its upward trajectory beyond October.