Will it be another fabulous ‘Uptober’ for Bitcoin? Aster gains another 40% in a day

Bitcoin seems poised to close out September without any major problems within a week or so and can than begin its classic “uptober” phase (October is historically the best month for the largest digital currency, hence its name). If the average price increase continues, we could end next month with a new ATH.

Meanwhile, the new altcoin Aster is also booming. With a gain of another 40% on Tuesday, the small digital currency broke through the $2 barrier.

History

October is normally a good month for stock markets and a bumper month for crypto. In October 2023, the price of Bitcoin rose by 28%, and last year by 10%. And that was before Bitcoin surpassed $100,000 for the first time after Donald Trump’s election victory (in November 2024, we saw a 37% month-on-month increase).

$150,000

Moreover, various economic parameters are currently quite positive (a weak dollar and falling interest rates in both the United States and Europe) which means that the stars are aligned for another good last quarter of the year.

Despite global concerns about inflation, debt, and import tariffs, the stock market rally continues. Even the geopolitical tensions between Russia and NATO in recent weeks haven’t been able to break the trend.

In such an environment, Bitcoin seems poised to leap to a new all-time high (although historically, this is practically the end of the bull run after around 1,060 days). According to several analysts, a price of $150,000 is possible before the end of the year.