Matrixport: Bitcoin unexpectedly strengthened in September, investors optimistic about October potential
2024-09-17 07:12:33
Matrixport release chart report point out usa cash ratio bitcoindesk3cryptocurrencydesktopCrypto News
Matrixport released its latest chart report, pointing out that the flow of funds in the US spot bitcoin ETF slowed as expected, as September is usually a weak period. However, the recent upward trend of bitcoin suggests that this month may perform better than expected. Bitcoin is expected to perform better than expected, driven by possible US interest rate cuts and strong stock markets. Since October has traditionally been a strong month for bitcoin, investors may take advantage of the pullback in September to lay out potential opportunities in the fourth quarter.
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