Bitcoin surprised the market by closing the month of September on a high with a solid 7.29% gain. This is the second time in a row since 2023. Historically, September has always been a struggling month for the crypto and often ends in a drop. However, this year broke that trend again. Can Bitcoin Continue…
Bitfinex’s analysts expect bitcoin’s price to potentially drop to the low $50,000s or mid $40,000s if the Federal Reserve cuts interest rates this month. The “historical price action for September also aligns with our view of a projected 20 percent drop in bitcoin prices following a rate cut,” the Bitfinex analysts said. Bitfinex Predicts Bitcoin…
According to data from CoinMarketCap, Bitcoin has experienced a turbulent end to August, losing 7.75% of its market value in the final week. This price decline underscores the overall negative performance of the crypto market leader in the last month, with a recorded monthly price decline of 10.64%. Interestingly, amidst this downtrend, the asset’s historical…
As August draws to a close with just four days left, bitcoin has slipped by 2.74% this month, leaving market watchers eager to see if September will bring better news. History hasn’t been kind to bitcoin in September; over the past 11 years, it has ended the month on a downward trend 72.73% of the…