Bitcoin Closes October with 10.76% Gain, Ethereum Slips 3.4%

Nov 4, 2024 16:43

  • Bitcoin has grown by 10.76% over the month, while the Ethereum rate has fallen by 3.4%.
  • The price of the first cryptocurrency has been closing October in the plus for six years in a row.
  • On the night of November 1, the rate of crypto assets fell.

In October 2024, Bitcoin showed growth of 10.76%, Ethereum was marked by a decline of 3.4%.

Historically, October is a positive month for the first cryptocurrency. Bitcoin has closed it in the green for the last six times, with the largest growth recorded in 2013 — 60.79%.

Bitcoin Monthly Returns. Source: CoinGlass.
Bitcoin Monthly Returns. Source: CoinGlass .

At the beginning of the month, the asset fell to the $59,000 mark, but by the end of October it had risen above $73,000. At the time of writing, it is trading near $69,200:

BitcoinBTC
Price:
$68,639
0.32%
24h Volume:
$9.3b
BTC/USDT rate on Binance. Source: TradingView.
BTC/USDT rate on Binance. Source: TradingView .

Ethereum, in turn, closed October in the red for the first time in six months. In 2023, the asset showed growth of 8.69% over this period.

Ethereum Monthly Returns. Source: CoinGlass.
Ethereum Monthly Returns. Source: CoinGlass .

At the beginning of the month, Ethereum was trading around $2,300, and subsequently the asset’s rate recovered to $2,700. At the time of writing, it is trading around $2,500:

EthereumETH
Price:
$2,441.75
-0.37%
24h Volume:
$4.3b
ETH/USDT rate on Binance. Source: TradingView.

ETH/USDT rate on Binance. Source: TradingView .