Wall Street

Bitcoin back below $20k, but will October bring better fortunes?

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City AM

By Darren Parkin The price of Bitcoin failed to hold above $20k yesterday, slipping back to Monday’s levels after what proved to be a fleeting break above the psychologically-important landmark. The largest cryptocurrency by market value is changing hands for around $18,750 this morning, down more than seven per cent since this time yesterday. The price of Ethereum followed a similar trajectory, down more than seven per cent to $1,280. October is historically a bullish month, especially relative to September, which has actually been relatively flat in terms of price performance for Bitcoin com…

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