Bitcoin posted a sharp rebound in August, according to HTX market data, but its historical performance in September has been weaker. Looking back at 13 September trading periods since 2013, Bitcoin closed lower in eight of them and higher in five. The average return for the month stands at -3.08%, while the median return is -3.12%.
The data also highlights the widest moves recorded for the month. The strongest September gain came in 2024, when Bitcoin rose 7.29% over the month. The steepest September decline was logged in 2014, when it fell 19.01%.
The figures were cited by BlockBeats on Sept. 1 based on HTX market data, following what the report described as a strong rebound for Bitcoin in August.
Bitcoin snapped back hard in August, based on HTX market data that BlockBeats cited on Sept. 1.
Now September. Bitcoin hasn’t exactly loved this month, at least by the historical numbers. Across 13 September trading periods since 2013, the cryptocurrency ended the month down eight times and up five. The average monthly return was -3.08%, while the median return was -3.12%.
The best September in the data set came in September 2024, when Bitcoin rose 7.29% over the month. The worst September drop hit in September 2014, when it sank 19.01%.
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