Your Go-To Source for Market Insights

Bloomberg: Bitcoin Poised for Best September Performance Ever Amid Global Interest Rate Cuts

According to Bloomberg, Bitcoin is set to achieve its best September performance in history, fueled by the U.S.’s transition to a looser monetary policy and a series of global interest rate cuts. This month, Bitcoin has risen over 10%, a stark contrast to the average decline of 5.9% typically seen in September over the past decade. Furthermore, small-cap tokens have increased by more than 20%, indicating that the relaxed financial environment is invigorating the higher-risk segments of the crypto market.

Send
Share
Share
Send