Cryptocurrency Market Prepares for Gains: October Historically Bullish

IconCryptoNewsTerminal Staff17 Sep, 2024

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Cryptocurrency Market Prepares for Gains: October Historically Bullish

Cryptocurrency financial services platform Matrixport reports that September is a traditionally bearish month for cryptocurrencies and other risky assets. However, Bitcoin (BTC) has shown a strong upward trend, possibly due to expectations of a US interest rate cut. Historically, October has often been positive for cryptocurrencies, so investors may consider the September decline as a buying opportunity for potential gains in Q4.