Bitcoin on track for best September on record up 8.36%

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.

TimeSeptember 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/