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.

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%

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