Bitcoin Surges to $114K, Sparking Optimism for 'Uptober'

Bitcoin's recent surge above $114,000 has reignited bullish sentiment among traders as they look forward to 'Uptober,' a month historically associated with price increases. This rally follows a downturn and reflects renewed investor confidence, although analysts warn of a potential retest of $111,000 due to a CME gap. The rise is also correlated with gains in stocks and gold, marking a pivotal moment for the cryptocurrency market.