CNBC Pro

Bitcoin jumps to start October and analysts see strong fourth-quarter ahead for crypto

So-called blockchain bridges have become a prime target for hackers seeking to exploit vulnerabilities in the world of decentralized finance.
Jakub Porzycki | NurPhoto | Getty Images

Cryptocurrencies got off to a rough start for the third quarter but ended with solid gains, overcoming a raft of negative headlines on the space.

And prices were hopping on the first day of October as investors bet on a fourth-quarter run. Bitcoin popped about 8% to above $47,000 on Friday, according to Coin Metrics. Ethereum jumped 9%.

More In Pro Insight

CNBC ProThere are several pockets of strength in the market right now — and not just in tech
CNBC ProCNBC Pro Talks: Fund manager Paul Meeks on what's next for the tech sector
CNBC Pro'Pretty dang good': Analyst remains bullish on energy stocks despite recession fears