Bitcoin breaks September curse, closing the month on a high note

On Sep 29, 2023

Quick Take

Bucking a precedent that dates back to 2016, Bitcoin ended September on a positive note, marking an approximately 4% increase. Historically, September has been a challenging month for Bitcoin, renowned for its adverse market conditions. However, this shift in trend rekindles interest and presents a fresh perspective on the cryptocurrency’s performance. This turnaround of fortunes also marks the first positive finish for Bitcoin since June.

Yet, while the September results are promising, Q3 as a whole paints a different picture, with an 11.5% decrease in Bitcoin’s performance. Moving into Q4, Bitcoin’s track record is typically upbeat, but a plethora of macroeconomic factors looming on the horizon injects a significant degree of uncertainty into the equation. As a result, investors and market analysts alike are set to face a period demanding heightened vigilance and strategic decision-making.