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

2023-9-30 22:00

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.

BTC monthly returns: (Source: Coinglass)

The post Bitcoin breaks September curse, closing the month on a high note appeared first on CryptoSlate.

origin »

Bitcoin (BTC) на Currencies.ru

$ 92124.51 (-0.14%)
Объем 24H $57.559b
Изменеия 24h: -1.21 %, 7d: 0.57 %
Cегодня L: $91928.34 - H: $92664.54
Капитализация $1838.603b Rank 1
Цена в час новости $ 26895.98 (242.52%)

bitcoin september month note increase historically approximately

Источник: cryptoslate.com

bitcoin september → Результатов: 126


Best Bitcoin, Blockchain and Crypto News For Today September 30 [VIDEO] Recap

US Legal Group Summons SEC Chairman Clayton for ICO Regulation Clarity US Legal Group Summons SEC Chairman Clayton for ICO Regulation Clarity Cryptocurrency Scams Are the Thieves of Millions of Dollars, Next Bull Run be Mindful Cryptocurrency Scams Are the Thieves of Millions of Dollars, Next Bull Run be Mindful Coinbase Rolls Out GBP Payments […]

2018-9-30 21:36


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Genesis creditor already sold 12,100 ETH amid major liquidation

The largest recipient of the Genesis Trading bankruptcy proceedings has recently been involved in a significant Ethereum sell-off.  According to data provided by Arkham Intelligence, the creditor has sold 12,100 Ethereum (ETH) worth $31.43 million, within just three days. This…

Genesis concludes bankruptcy with $4b creditor payout

Genesis Global and affiliated entities have begun disbursing $4 billion in creditor payouts following the completion of their restructuring process. According to an Aug. 2 statement, crypto lender Genesis Global started repayments to over 100,000 creditors after declaring bankruptcy in…

Genesis transfers $3b worth of crypto amid bankruptcy

Genesis Trading has moved billions of dollars in recent days, potentially to manage creditor repayments as part of its financial restructuring efforts. The crypto lender, which is navigating bankruptcy, has reportedly transferred substantial amounts of Bitcoin (BTC) and Ethereum (ETH)…

Genesis moves $760m BTC to Coinbase amid sell-off

A wallet linked to crypto lender Genesis has transferred 12,600 Bitcoin (BTC) worth approximately $760 million to crypto exchange Coinbase. On-chain data tracked by Arkham shows the addressed labeled “Genesis Trading” moved the funds to the exchange amid the broader…

Gemini Earn returns over $2 billion in crypto, triggering concerns of sell pressure

Crypto exchange Gemini said users of its now-defunct Earn product received $2. 18 billion of their digital assets, according to a May 29 statement. These distributions amount to 97% of the total digital assets owed to Earn users, marking a significant recovery since the collapse of crypto lender Genesis, which halted withdrawals in November 2022.