Bitcoin on track for best September on record up 8.36%

Bitcoin gained 8.36% in September, surpassing all previous performances for the month, according to data shared by Satoshi Club via Coinglass. Historically, September has seen Bitcoin average losses of around 3.68%. This year’s gain contrasts with declines in previous years, such as a 13.38% drop in 2019 and a 7.51% decrease in 2020.
As October approaches—a month often referred to as “Uptober” due to its historically strong performance—market participants are optimistic. October has averaged gains of nearly 23% in past years, fueling speculation about a potential rally to new all-time highs.
The combination of a gain in September and the upcoming October, coupled with the post-halving environment, sets the stage for potential significant movements in Bitcoin’s price. Additionally, new FASB rules for crypto reporting align with September being the end of the third quarter, a critical time for public companies holding crypto regarding finances.

Time
September Returns

2024
+8.36%

2023
+3.91%

2022
-3.12%

2021
-7.03%

2020
-7.51%

2019
-13.38%

2018
-5.58%

2017
-7.44%

2016
+6.04%

2015
+2.35%

2014
-19.01%

2013
-1.76%

Average
-3.68%

Median
-4.35%

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