September was absolutely massive for crypto.
The Clarity Act failed in the Senate. The Fed hiked rates. Yet crypto still surprised everyone with a huge move higher.
Here’s what happened:
1. BTC closed above the 50W MA for two straight weeks, a strong sign that the trend may be turning.
2. BTC hit $87K, ETH $2.8K and SOL $120 for the first time in nearly 8 months, with the market posting its highest monthly close in 9 months.
3. Total crypto market cap reclaimed $3T for the first time in 8 months.
4. BTC ETFs pulled in $2.65B, while ETH ETFs saw $832.4M in inflows, their second-biggest monthly inflow this year.
5. ETH/BTC finally broke a nearly 5-year downtrend. That could be a major signal for altcoins.
6. The SEC and CFTC started rolling out new crypto rules and pushed forward with regulation even without the Clarity Act.
7. Two major bills advanced: the Strategic Bitcoin Reserve bill and the crypto tax bill.
8. The SEC said staking tokens and token buybacks are not securities, while the Fed proposed rules that could allow banks to issue their own crypto stablecoins.
9. X partnered with crypto exchanges, bringing crypto trading closer to the timeline.
10. BlackRock expanded access to tokenized investment portfolios, while NYSE partnered to bring tokenized US stocks to 44M crypto accounts.
September gave crypto plenty of reasons to stay bullish.
Now comes October.
If September was Uptember, let’s see what Uptober has in store.
The Clarity Act failed in the Senate. The Fed hiked rates. Yet crypto still surprised everyone with a huge move higher.
Here’s what happened:
1. BTC closed above the 50W MA for two straight weeks, a strong sign that the trend may be turning.
2. BTC hit $87K, ETH $2.8K and SOL $120 for the first time in nearly 8 months, with the market posting its highest monthly close in 9 months.
3. Total crypto market cap reclaimed $3T for the first time in 8 months.
4. BTC ETFs pulled in $2.65B, while ETH ETFs saw $832.4M in inflows, their second-biggest monthly inflow this year.
5. ETH/BTC finally broke a nearly 5-year downtrend. That could be a major signal for altcoins.
6. The SEC and CFTC started rolling out new crypto rules and pushed forward with regulation even without the Clarity Act.
7. Two major bills advanced: the Strategic Bitcoin Reserve bill and the crypto tax bill.
8. The SEC said staking tokens and token buybacks are not securities, while the Fed proposed rules that could allow banks to issue their own crypto stablecoins.
9. X partnered with crypto exchanges, bringing crypto trading closer to the timeline.
10. BlackRock expanded access to tokenized investment portfolios, while NYSE partnered to bring tokenized US stocks to 44M crypto accounts.
September gave crypto plenty of reasons to stay bullish.
Now comes October.
If September was Uptember, let’s see what Uptober has in store.
