Bitcoin’s Strong September Performance

Bitcoin is up ~8% this September, marking its best performance this month since 2012 (unless it sees >20% by the end, which would make it the strongest ever). Volatility has also changed, with some data showing that drawdowns are less sharp than in previous cycles.

Significance: Bullish momentum. If the trend holds—particularly around macro events like the U.S. Fed’s interest rate decisions—Bitcoin could see further upside. But markets will also be sensitive to shifts in monetary policy.