Bitcoin Expected to Surge in September Amid Global Interest Rate Cuts

BlockBeats news, on September 27, according to Bloomberg, Bitcoin is expected to have one of the largest September gains in history, thanks to the wave of interest rate cuts around the world, especially the United States’ active shift to looser monetary policies.

Bitcoin is up more than 10% this month, compared with an average September decline of 5.9% over the past decade, according to Bloomberg data. The small-cap index rose more than 20%, suggesting that looser financial conditions are activating riskier parts of the crypto market.

A report from cryptocurrency exchange Kraken noted that if Bitcoin fails to “decisively” break above $65,000, it may herald a period of weakness.

Beyond monetary policy, the digital asset industry is also awaiting the results of the U.S. presidential election. Many executives expect greater clarity on U.S. cryptocurrency regulation in the months following the election, which will boost market sentiment.

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