Bitcoin Shakes Off Bloody September As Price Breaks $50K, Headed For New All-Time Highs?

The crypto market has started on another recovery trend. This time, the price of bitcoin has crossed $50,000 after a slow month in September that had the entire market in a chokehold. Crashes rocked the space and cryptocurrencies succumb to the massive value loss that put the market in the red for most of the month. NewsBTC had reported that September historically saw declining prices and this year was no different. In short, September is “bad vibes”. The month drew to a close with the weekend and trading volume had begun to pick back up. Low volatility usually experienced during weekends has helped give digital assets the needed push and this past weekend was no different. Prices had recovered some with the start of the new week. And after Monday’s trading day drew to a close, the early hours of Tuesday ushered in better prospects for the crypto market. Related Reading | Billionaire Orlando Bravo Reveals He Owns Bitcoin And Why He’s ‘Very Bullish’ Bitcoin had steadily climbed up from the low of $43K which it had started the month with and over the course of five days has added $7K to its value to help it break $50,000 once more. This spells good news for the market as bullish sentiments have returned with this new break. Exchange balances remain low which shows that investors are continuing to hold on to their coins. And despite mounting selling pressure through these past weeks, hold sentiment has dominated throughout t...