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 <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 <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> 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;CoinGecko data&nbsp;shows that the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency 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 #Uptober real?<br><br>Our recent study shows that in 8 of the past 10 years, the global <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> market rallied in October compared to the previous month. <br><br>Read the full study: https://t.co/a1ouZh70Yw pic.twitter.com/2d6MC3NpIn</p>— CoinGecko (@coingecko) October 30, 2023
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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 <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> market capitalization to exceed $1.3 trillion, a milestone last seen since the middle of April.</p>
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 <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;hitting $35,000, 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 <a rel="noopener noreferrer nofollow" title="positive" href="https://thebittimes.com/tag/positive.html">positive</a> market sentiment noted this month.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> MetaMask is the most popular hot wallet, CoinGecko data suggests
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coingecko-finds-october-consistently-positive-for-crypto-tbt68374.html">https://thebittimes.com/coingecko-finds-october-consistently-positive-for-crypto-tbt68374.html</a></p>

CoinGecko finds October consistently positive for crypto

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