Breaking the September curse? Bitcoin once broke through 63,800, Ethereum hit $2,500, and the US S&P 500 hit a new high
After the Federal Reserve officially announced a 2-point interest rate hike yesterday, Bitcoin continued to rise after a brief shock. At around 1:00 a.m. this morning (20), BTC reached a high of $63,858, continuing to set a new September high.
Can Bitcoin break the September curse this time?
The Dynamic Zone 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 of up to 73%; at the same time, from the average monthly return rate, September is also the month with the most declines, with a magnitude 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.
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