Bitcoin and altcoins are witnessing end-of-month volatility, but traders remain upbeat about October due to the crypto market's history of strong performance in Q4.
Bitcoin (BTC) is witnessing volatility and has succumbed to selling pressure on Sept. 30, falling below $64,000. Even after giving back its gains, Bitcoin is on track to record its best monthly gains in September, topping the 6.04% rise in 2016, according to CoinGlass data.
Traders are likely to be upbeat about Bitcoin entering the fourth quarter as October has been one of the strongest months, with an average gain of 22.90% and median gains of 27.70%. If history repeats itself, then a new high is likely to be hit within the next couple of months.
Daily cryptocurrency market performance. Source: Coin360
