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Eni Nali
@eninali
Bitcoin is close to breaking the September "curse". Bitcoin has risen more than 10% this month, which contrasts with an average decline of 5.9% in the same month over the past decade, Bloomberg reports. In addition, September 2024 could be the best September for Bitcoin in its entire history. The digital asset is steadily growing amid the beginning of monetary easing by global central banks, led by the US Federal Reserve System (Fed). The altcoin index has risen more than 20% this month. "Bitcoin's correlation with the Fed's monetary policy is particularly high. Policy easing by other central banks also helps, of course," said Sean McNulty, director of trading at liquidity provider Arbelos Markets. However, Orbit Markets co-founder Caroline Morone noted that Bitcoin's current price of around $65,000 is "slippery" because a large number of options contracts are set to expire this Friday, September 27.
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