Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Bloomberg: Global interest rate cuts could lead to Bitcoin's best September performance in history

Bitget2024/09/27 07:07

According to Bloomberg, influenced by the U.S. shift towards a more relaxed monetary policy and the global trend of interest rate cuts, Bitcoin is expected to see one of its largest September increases in history. Data shows that Bitcoin has risen over 10% this month, while the average decline for September over the past decade was 5.9%. The small-cap token index rose more than 20%, indicating that a looser financial environment is stimulating the high-risk parts of the crypto market.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
APR up to 10%. Always on, always earning.
Stake now!