Bitcoin Hits Unusually Calm ‘Uptober’ as Traders Await Election

(Bloomberg) — Bitcoin has settled into an unusually calm period, as traders remain on the sidelines awaiting the outcome of the upcoming US election.

The original cryptocurrency moved less than 5% for 34 straight sessions through yesterday, on par with the longest such streak of calm in a year, according to data compiled by Bloomberg. The doldrums in price movement has disappointed many in the crypto community since the asset class has historically performed well in October, earning the nickname “Uptober.”