Bitcoin gained 8.36% in September, surpassing all previous performances for the month, according to data shared by Satoshi Club via Coinglass. Historically, September has seen Bitcoin average losses of around 3.68%. This year’s gain contrasts with declines in previous years, such as a 13.38% drop in 2019 and a 7.51% decrease in 2020.
As October approaches—a month often referred to as “Uptober” due to its historically strong performance—market participants are optimistic. October has averaged gains of nearly 23% in past years, fueling speculation about a potential rally to new all-time highs.
The combination of a gain in September and the upcoming October, coupled with the post-halving environment, sets the stage for potential significant movements in Bitcoin’s price. Additionally, new FASB rules for crypto reporting align with September being the end of the third quarter, a critical time for public companies holding crypto regarding finances.
| Time | September Returns |
|---|---|
| 2024 | +8.36% |
| 2023 | +3.91% |
| 2022 | -3.12% |
| 2021 | -7.03% |
| 2020 | -7.51% |
| 2019 | -13.38% |
| 2018 | -5.58% |
| 2017 | -7.44% |
| 2016 | +6.04% |
| 2015 | +2.35% |
| 2014 | -19.01% |
| 2013 | -1.76% |
| Average | -3.68% |
| Median | -4.35% |
The post Bitcoin on track for best September on record up 8.36% appeared first on CryptoSlate.
Source: https://cryptoslate.com/insights/bitcoin-on-track-for-best-september-on-record-up-8-36/