October Monthly Report: Spooky Market Rises Have Taken Off Altcoins' Disguises

If the first half of October was the appetizer traders had been waiting for, then the second half of the month provided quite the main course entrée. Prices throughout the cryptocurrency sector soared in its best month (percentage-wise) since March, and Bitcoin itself hit its highest market value since May, 2022.

But how did we get here, and what kind of triggers assisted the BTC 17-month high price and altcoin breakouts? Well, as funny as it was, the initial teaser rise to $30K in the first half of October was spurred by a fake ETF confirmation, posted by CoinTelegraph.

But instead of dropping back down and staying back in the $26K to $29K level that Bitcoin had been lingering in since July, this accidental report of an ETF 'approval that never happened' was an initiator for increased social volume and