BITCOIN UPSWING
Bitcoin’s September Performance is the Second-Best on Record for the Month
BTC’s second-best September (2024) may be a sign that the premier digital asset is entering a new phase of resilience against market volatility
Historically, September has been a challenging month for most financial instruments, including digital assets. The price of Bitcoin (BTC), is a testament to this. Over its 15-year trading history, Bitcoin has struggled in September, often delivering negative returns. However, 2024 marks the second-best September performance in the premier digital asset’s history, with an impressive 12.5% gain.
As can be seen in the chart below, the only other September when the returns were higher than this was back in 2012. The most recent gains come after a decade of mostly negative Septembers, including a significant drop of 37.3% in 2011 and several other challenging years, like 2019 (-13.6%). Despite these historical setbacks, Bitcoin’s recent gains signal a positive shift, making 2024 a standout year for the digital asset.
This strong performance continues a trend of improving market sentiment as Bitcoin’s value surged past earlier uncertainties. The chart also shows that Bitcoin’s average…
