According to BlockBeats, on September 27, Bloomberg reported that Bitcoin is expected to have one of the largest September gains in history, thanks to a wave of interest rate cuts around the world, especially the loose monetary policy in the United States.

Data shows that Bitcoin has risen by more than 10% this month, while the average decline in September over the past decade was 5.9%. The small token index rose by more than 20%, indicating that the loose financial environment is activating the high-risk crypto market.

Kraken's report pointed out that if Bitcoin fails to break through $65,000, it may enter a period of weakness. The industry is still waiting for the results of the US presidential election. It is expected that US cryptocurrency regulation will be clearer in the months after the election, boosting market sentiment.