Bitcoin ignores CPI, FTX as BTC price hits September high near $26.6K

BTC cost idea exposes bull run launchAccording to information from keeping track of resource CoinGlass, the last time that BTC/USD gained in September was in 2016. That year was its best on record at 6.35%, while its most significant “red” September month 2 years prior, when it lost 19%. In 2022, Bitcoin shed 3.1% prior to climbing another 5.6% in October– a popular month amongst bulls, who informally refer to it as “Uptober.

Bitcoin (BTC) struck brand-new September highs after the Sep. 14 daily close as markets digested crypto and macroeconomic industry news.BTC/ USD 1-hour chart. Source: TradingViewTrader: Bitcoin market “feels various” Data from Cointelegraph Markets Pro and TradingView tracked over night BTC rate highs of $26,535 on Bitstamp.The largest cryptocurrency had shaken off higher-than-expected United States Consumer Price Index (CPI) the day prior, maintaining $26,000.” Additional analysis anticipated a longer-term BTC rate breakout must U.S. regulators authorize a Bitcoin area cost exchange-traded fund, or ETF, in the coming months.

Bitcoin (BTC) hit brand-new September highs after the Sep. 14 daily close as markets digested macroeconomic and crypto market news.BTC/ USD 1-hour chart. Source: TradingViewTrader: Bitcoin market “feels different” Data from Cointelegraph Markets Pro and TradingView tracked over night BTC cost highs of $26,535 on Bitstamp.The biggest cryptocurrency had shaken off higher-than-expected United States Consumer Price Index (CPI) the day prior, maintaining $26,000. Source: Crypto Tony/XFellow trader Daan Crypto Trades recommended that overall Bitcoin market dynamics had changed versus the period of weakness seen around the monthly close.” Additional analysis anticipated a longer-term BTC cost breakout ought to U.S. regulators authorize a Bitcoin spot cost exchange-traded fund, or ETF, in the coming months.