Bitcoin traders still hope for an upbeat fourth quarter.

Powell’s comments come after major cryptocurrencies posted a third straight week of gains. Bitcoin had a rocky start to what is historically the most bearish month for the $BTC , falling 11% between September 1 and 6. However, the price rebounded after the Fed cut interest rates by 50 basis points following its FOMC meeting on September 18.

Data from CoinGlass shows that the price of Bitcoin is on track to end the third quarter 0.6% higher and 7% higher in September.

Data from CoinGlass shows that the price of Bitcoin is on track to end the third quarter 0.6% higher and 7% higher in September.