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International Business Times
International Business Times
Business
Marvie Basilan

EXPLAINED: Bitcoin price plunge can btc re write its negative september history | Rare Historical Photos

Bitcoin BlackRock Crypto Fidelity
Is it time for Bitcoin to significantly re-write its history of having a sour relationship with the month of September. (Credit: AFP)

KEY POINTS

  • Bitcoin started September in the red, down to $57,000 late Sunday from a $61,000 high Friday
  • One of Bitcoin's worst Septembers was in 2021, when it started at $47,000 then plunged to $43,000
  • Interest rate cuts could help Bitcoin re-write its negative history during September: Paybis Founder Innokenty Isers

Bitcoin ended August on a weak note, with the world's top digital asset by market value shedding some $3,000 over the weekend. It is entering a new month still in the red, and history has it that September isn't exactly a good month for the digital currency. Can the high and mighty $BTC re-write history this time?

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