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Bitcoin is having a sluggish “Uptober” as compared to how it rallied during the same month last year.
According to online crypto data provider Statmuse, the largest cryptocurrency by market capitalization ended October 2021 with an average price of $58,051, peaking at $66,890 on the 21st day of the month.
But bitcoin is in a different space right now as for the first 12 days of the month, it is averaging $19,516, tallying its month-high on October 6 when it hit $20,408.
At press time, according to tracking to Coingecko, the digital currency is trading at $19,108, down 5.2% for the past week.
As the asset remains in a narrow price fluctuation range, investors, analysts and experts are all waiting if a bitcoin rebound is about to happen.
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