Bitcoin Resists Seasonal Bad Luck With Strong September Gains

Bitcoin usually performs poorly in September, with an average 5.9% drop over the last 10 years.

However, this September, Bitcoin has gained over 10%.

Global interest rate cuts, especially by the U.S. Federal Reserve, are helping Bitcoin resist its usual decline.

Smaller cryptocurrencies have risen more than 20%, likely because easier monetary policies are encouraging investment in riskier crypto assets.