Bitcoin saw a significant rise, hitting a new peak of $67,922 at 9:35 a.m. EDT on Tuesday. By 10:20 a.m., it continued to trade positively within the range of $66,905 to $67,101.
This price movement represents a nearly 3% increase, contributing to a 6.7% gain against the U.S. dollar over the week.
This development is part of a broader trend referred to as 'Uptober', with current returns standing at 3.83%. With the surge, short positions in the market were liquidated.
