The main cryptocurrency managed to close September, a historically bad month, with increases. Looking ahead to the last stretch of the year, the panorama is positive, although “turbulence” is not ruled out due to the closure of the US government.
The cryptocurrencies began the fourth quarter with a positive sign. Bitcoin (BTC) records an advance of 2.6% and trades above the US $ 116,000as long as Ethereum (eth) climb near the U $ S4.300. The bullish impulse extends to the Altcoins segment. Solana (Sol), Dogecoin (Doge) and Cardano (ADA) They exhibit rises of up to 5%.
BTC closed September, historically one of its smaller months, with a profit of 5%, although more than more than US $1 billion During the past week.
In the third quarter, The main cryptocurrency accumulated a 6% riseafter having revalued about 30% in the second quarter and having fallen 11% in the first quarter of the year.
Favorable expectations for crypto
From the market they interpret that this upward movement reflects favorable expectations for the end of the year, particularly for October, month that historically showed positive behavior for cryptoactive.
In the sector they call it “UPTOBER”: Since 2013, The tenth month of the year only recorded negative performance twice.
In parallel, analysts estimate that the United States Federal Reserve You must continue cutting the interest rate before the weakness of the labor market.
However, the possibility of a closure of the US government Enter an uncertainty factor: It could take the dissemination of the employment report and inflation data.
Source: Ambito
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