Bitcoin Records Third-Best September, Eyes Historically Strong October
- Bitcoin ended September with a gain of 5.16%, marking it as the third-best September since 2013.
- October is historically Bitcoin's strongest month, with an average gain of 14.4% and a median return of 10.8% since 2013.
- Out of 13 Octobers since 2013, Bitcoin saw positive returns in 10 instances.
- Seasonal trends suggest financial markets typically see lower performance from May to October and pick up from November onwards.
- Bitcoin often experiences seasonal patterns influenced by macroeconomic factors, institutional movements, and retail sentiment.
- The first week of October can be volatile for Bitcoin, but gains usually occur in the latter half of the month.
- September's strong performance hints at potential momentum heading into the end of the year.
- Investors are alert to macroeconomic influences like U.S. inflation that might impact October's outcomes.
