Bitcoin reaches a seven-week high on Coinbase, hitting $119,450, up 4% in 24 hours. Market cap rises to $4.16 trillion, boosting sentiment for a bullish October. October historically sees Bitcoin gains, with ten out of twelve months in the green. Labor market weakness could prompt Fed rate cuts, bullish for crypto. CME futures predict 99% chance of 0.25% rate cut on Oct. 29. Altcoins surge, with Ether up 5% to $4,390, Solana, Dogecoin, Cardano, Chainlink, and Hyperliquid all up over 6%.

Read more at Cointelegraph: Bitcoin Hits Seven-Week High As Crypto Markets Surge In Oct