After the Federal Reserve officially announced a 2 basis point rate hike yesterday, Bitcoin continued to rise after a brief shock. At around 1:00 a.m. this morning (20), BTC hit a high of $64,133, continuing to set a new September high.
Can Bitcoin break the September curse this time?
Dynamic Zone has previously reported that looking back at Bitcoin's monthly returns over the past 11 years (2013-2023), Bitcoin usually performs poorly in September, with 8 declines and a probability of decline as high as 73%; at the same time, from the average monthly return rate, September is also the month with the largest decline, with a decline of up to 4.78%.
However, as of September 20, Bitcoin’s return rate this month has risen to 6.56%. Whether it can break the curse this time is worth continued observation.
Ethereum approaches $2,500
Ethereum's trend is similar to that of Bitcoin, reaching $2,564 at midnight. At the time of writing, it has temporarily fallen back to $2,557, and the increase in the past 24 hours has narrowed to 5.76%.
US stocks rose across the board
The US stock market seems to have stabilized after a brief decline following the Fed's announcement of a 2 basis point rate cut. Last night, all four major indexes rose at the opening, with the Dow Jones and S&P 500 setting new record highs.
The Dow Jones Industrial Average rose 522.09 points, or 1.26%, to close at 42025.19.
The Nasdaq index rose 440.68 points, or 2.51%, to close at 18013.98 points.
The S&P 500 index rose 95.38 points, or 1.70%, to close at 5713.64 points.
The Philadelphia Semiconductor Index rose 207.36 points, or 4.27%, to close at 5066.65 points.
