Bitcoin ETF

<p class="is-style-lead">According to an Oct. 30 post on X from CoinGecko, crypto performance has reported positive growth in 8 of the past 10 Octobers.</p>
<p>In October 2023, the crypto market has since been reported to be up 18.1 percent, as compared to October 2022, which reported 7.3 percent growth.&nbsp;</p>
<h2 class="wp-block-heading" id="10-years-in-the-making">10 years in the making</h2>
<p>In 2023,&nbsp;<a href="https://www.coingecko.com/research/publications/is-uptober-real?utm_campaign=Data%2BVisualization&amp;utm_medium=social" target="_blank" rel="noopener noreferrer nofollow">CoinGecko data</a>&nbsp;shows that the cryptocurrency market has once again experienced the Uptober effect, with a 58.9 percent year-to-date (YTD) surge.&nbsp;</p>
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   <p lang="en" dir="ltr">So, is <a href="https://twitter.com/hashtag/Uptober?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Uptober</a> real?<br><br>Our recent study shows that in 8 of the past 10 years, the global crypto market rallied in October compared to the previous month. <br><br>Read the full study: <a href="https://t.co/a1ouZh70Yw" target="_blank" rel="noopener noreferrer nofollow">https://t.co/a1ouZh70Yw</a> <a href="https://t.co/2d6MC3NpIn" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/2d6MC3NpIn</a></p>— CoinGecko (@coingecko) <a href="https://twitter.com/coingecko/status/1718976143079120984?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 30, 2023</a>
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<p>This would make October the fifth consecutive year of the “Uptober phenomenon”, and this year’s rally propelled the total crypto market capitalization to exceed $1.3 trillion, a milestone last seen since the middle of April.</p>
<p>You might also like: <a href="https://crypto.news/coingecko-reports-top-cexs-kucoin-falls-out-of-top-10/" rel="noopener noreferrer nofollow"> CoinGecko reports top CEXs, Kucoin falls out of top 10 </a></p>
<p>The report goes on to conclude the crypto market generally experiences a positive effect, a conclusion reached by looking at 10 years of data, all of which is often based on a strong Bitcoin price.</p>
<h2 class="wp-block-heading" id="riding-etf-optimism">Riding ETF optimism&nbsp;</h2>
<p>On Oct. 23, Bitcoin crossed a major barrier,&nbsp;<a href="https://crypto.news/bitcoin-price-rise-in-october-2023-factors-and-forecasts/" target="_blank" rel="noopener noreferrer nofollow">hitting $35,000</a>, in a high that had not been seen since May 2022.</p>
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<p>The bullish momentum for this month was said to be fueled by the anticipation of a spot Bitcoin ETF approval, with key players like Grayscale and Blackrock putting their applications in and adding to the positive market sentiment noted this month.</p>
<p>Read more: <a href="https://crypto.news/metamask-is-the-most-popular-hot-wallet-coingecko-data-suggests/" rel="noopener noreferrer nofollow"> MetaMask is the most popular hot wallet, CoinGecko data suggests </a></p>

CoinGecko finds October consistently positive for crypto

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