Savvy

Bitcoin

Polkadot

<p>Bitcoin closes a historic month of September despite a recent decline. Analysts are looking ahead, pointing to the U.S. elections as a potential catalyst for the market.</p>
<h2 id="h-une-fin-de-mois-mouvementee-pour-le-bitcoin">A turbulent end of the month for Bitcoin</h2>
<p>Against all odds, <a href="https://www.cointribune.com/en/bitcoin-is-rising-but-without-small-investors-why/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ends its best September</a> in over a decade. Despite a drop of nearly 4% in the past 24 hours, the leading crypto shows a monthly increase of around 7%.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>This <a href="https://www.coindesk.com/markets/2024/09/30/bitcoin-ends-historic-september-with-a-dip-but-breakout-may-not-come-before-us-election/" target="_blank" rel="noopener noreferrer nofollow">performance</a> stands in stark contrast to the reputation of September, which is usually considered an unfavorable month for digital assets.</p>
<p>However, this overall increase masks a more nuanced reality. The <a href="https://www.cointribune.com/en/why-is-the-crypto-market-in-the-red-today-2/" target="_blank" rel="noopener noreferrer nofollow">crypto market</a> as a whole experienced a difficult day on Monday, with significant declines for several major altcoins. XRP, Cardano, and Polkadot all recorded drops of over 5%. Even sector-related stocks were not spared, with Marathon Digital and Coinbase dropping 10% and 6% respectively.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitpanda.pxf.io/c/2801338/1295465/15871" target="_blank" rel="noopener noreferrer nofollow">Discover the Bitpanda platform</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-les-yeux-rives-sur-novembre">Eyes on November</h2>
<p>While October historically enjoys a favorable reputation in the crypto world, nicknamed “<a href="https://www.cointribune.com/en/bitcoin-et-ethereum-montent-en-fleche-place-a-luptober-crypto-2/" target="_blank" rel="noopener noreferrer nofollow">Uptober</a>” by aficionados, experts remain cautious about the short-term outlook. <mark class="annotation-text annotation-text-yoast" id="annotation-text-c78d0d7e-b789-4888-9732-c24d8b0c188c">Charlie Morris, founder of ByteTree, highlights the risk of a trend reversal, precisely because of the prevailing optimism: “</mark>The popularity of an idea often indicates that investors have already placed their money before the event.”</p>
<p>The real catalyst could be the U.S. elections in November. Jake Ostrovskis, a trader at Wintermute, observes a positioning of investors in the options market that suggests “<em>support for a post-election rally</em>“. This anticipation of a deferred rise is mainly due to the political uncertainty that could weigh on the markets in the coming weeks.</p>
<p>In conclusion, although Bitcoin surprised in September, caution is still required. The coming weeks could see a consolidation of the market before a <a href="https://www.cointribune.com/en/options-bitcoin-u-s-elections-drive-up-bids/" target="_blank" rel="noopener noreferrer nofollow">potential post-election surge</a>. Savvy investors will keep a close eye on the evolution of the U.S. political landscape, a key factor for the near future of the crypto market.</p>

A Historic September For Bitcoin, The US Elections As The Next Challenge!

Table of Contents

Cointribune EN

Other articles published on Oct 1, 2024

Stop panicking about Wrapped Bitcoin — There are other coins

Top 3 Altcoins Surge: BONK, Fantom and Sui Lead the Crypto Rally

XRP drops 4%: Is the SEC preparing to appeal by Oct 7?

Crypto: BlackRock Disappointed By Ethereum ETFs!

Vitalik Buterin defends Polymarket over betting options on the Israel-Hezbollah war

10 Million MYTH Tokens Airdropped to over 450,000 DOT Holders

Join our free newsletter for daily crypto updates!