Currently trading at just under $59,000, the $BTC price has a big month ahead. September is traditionally a bad month for Bitcoin, and so it remains to be seen if the first Federal Reserve rate cut, due on 18 September, can add some upward impetus to the price.
September – the worst month for Bitcoin returns
Coinglass produces records of the monthly Bitcoin returns since 2013, and September has proved to be the worst month, with an average of -4.39%. The nearest worst month to this is June, with an average return of -0.35%. All other months traditionally give positive returns, with November recording an average of +46.81%, which is far and away the month with the best returns.
Spot Bitcoin ETF negative flows
Bitcoin is already down in one area, as the Spot Bitcoin ETFs recorded a negative flow for each of the last four days of August, which somewhat dampened the effect of all the positive inflow days prior to this.
Fed rate cuts positive for Bitcoin?
However, looming large
We współpracy z: https://cryptodaily.co.uk/2024/09/bitcoin-btc-in-september-big-month-ahead
