✉news BusinessCrypto first seen 12 h ago, last 3 h ago, peak #2
Bitcoin defies historically weak September as fundamentals hold
Original: Bitcoin defies a historically weak September as fundamentals lead
Bitcoin is bucking its reputation for weak September performance, with asset manager 21Shares attributing the resilience to fundamentals rather than seasonal momentum. The analysis suggests underlying strength in the market is outweighing the month's historically poor track record, a notable shift for traders who typically brace for autumn sell-offs in the cryptocurrency.
Why now: Bitcoin's positive performance in a month that is usually weak for the asset is surprising traders and investors.
Evidence
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