The US legislators within the Home and Senate got here to a short lived settlement on Sep. 30 and averted a authorities shutdown for 45 days. This information may have acted as a catalyst for Bitcoin’s (BTC) sharp rally on Oct. 1. Moreover, the traditionally robust efficiency of in October may have boosted sentiment additional.
The U.S. inventory markets are additionally in a candy spot in October. Information from the Inventory Dealer’s Almanac reveals that the S&P 500 Index (SPX) has risen by a mean of 0.9% in October, between 1950 and 2021. Nonetheless, it doesn’t imply that the bulls will be carefree as a result of the inventory market weathered one in every of its worst declines within the Black Monday crash in October 1987.
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