🟩 Experts from Bloomberg analyzed Bitcoin’s performance in September, noting that the price of the leading cryptocurrency increased by more than 10%. This year alone, Bitcoin has risen by 56%, fueled by a significant inflow of funds into spot Bitcoin ETFs.
🟩 Analysts also highlighted that Bitcoin’s price movement in September sharply contrasts with the typical behavior for this month, where the cryptocurrency usually experiences an average decline of 5.9%.
🟩 Sean McNulty, the Head of Trading at Arbelos Markets, pointed out that Bitcoin’s correlation with the monetary policy of the U.S. Federal Reserve remains at its highest, with the Fed’s interest rate cuts providing additional support to the cryptocurrency.