Bitcoin Nears a 2012-Like Streak
Bitcoin could finish September higher, creating a rare three-month winning streak. According to CoinDesk, BTC gained 4.8% in July and 25.2% in August, while September was up about 10.9% at the time of publication, with Bitcoin trading near $86,140. A similar three-month positive streak had previously appeared only in 2012. That year, October eventually posted a 9.7% decline before Bitcoin entered a much larger rally. CoinDesk stresses that the historical comparison is based on only one previous example, so it cannot reliably indicate what will happen next. For exchange users, the current strength of BTC is mainly relevant because rapid moves can affect conversion rates and liquidity. Check the latest Bitcoin price and exchange conditions on xbit.money before making a transaction.