Matrixport: Bitcoin Unexpectedly Strengthens in September, Investors Optimistic About October Potential

Article is form Jinse
September 17, 2024
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Gold Finance reports that Matrixport has released a chart report showing that US spot Bitcoin ETF fund flows have slowed as expected, as September is typically a weak month. However, Bitcoin's recent upward trend suggests that performance may exceed expectations this month. With the potential for US interest rate cuts and strong stock markets, Bitcoin is poised to outperform expectations. As October is historically a strong month for Bitcoin, investors may be using the September dip to position themselves for potential opportunities in the fourth quarter.

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