Bitcoin Enters October Amid Hopes for 'Uptober' Rally

Bitcoin enters October, historically one of its strongest months, with a price around $84,000. Despite a positive finish to September, the market is reacting to US economic data, including PCE inflation figures that came in lower than expected. While spot Bitcoin ETFs saw nine consecutive days of net inflows totaling over $3 billion, momentum slowed recently with net outflows recorded on September 30. Investors are now awaiting the upcoming US labor market report for further direction.