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Bitcoin, Ethereum Rally Liquidates Over $1 Billion in Trades Overnight

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Chances for the famous “Uptober” meme to live up to its promise are suddenly alive again as crypto markets rebounded in the past 24 hours, with Bitcoin (BTC) and Ethereum (ETH)—the industry’s two largest digital assets—leading the resurgence. October has historically been positive for the leading cryptocurrency, with monthly gains recorded ten times out of the last 13 years, according to Bitcoin Monthly Return. Last year’s October rally, for example, set a strong ground for Bitcoin to reach its highest-ever value above $69,000 in early November. Fears spread among investor ...

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