Bitcoin heads for a rare September gain despite rising bond yields
Summary
Bitcoin is up about 7% in September after a 25% August gain. A positive monthly close would break its historical pattern of negative Septembers after positive Augusts, extend gains to three months and put Q3 up more than 40%. Q4 has historically been bitcoin’s strongest quarter, averaging roughly 77% gains, but rising bond yields, high bond-market volatility and oil above $90 are adding macroeconomic uncertainty. An anticipated Anthropic IPO and November U.S. midterm elections may also affect liquidity and risk appetite.
