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.
