October started on a bullish note for the crypto market as Bitcoin extended gains on Friday, climbing over 9% in late morning trade to $47,800, its highest level in 12 days.
The largest digital money was last up 7.9% at $47,263 which if maintained would be its biggest one-day bounce since mid-June.
The overall crypto market cap also surged by nearly 10% to grow above $2 trillion again. Currently, the total crypto market cap stands at $2.08 trillion. The price boost comes nearly after a month-long consolidation for the crypto market as September again proved to be a bearish month.
However, October has started on a bullish note as predicted by many market pundits and analysts who’ve also expressed that it could lead to a second leg of the bull run where Bitcoin and other altcoins could post new ATHs.
