๐ฅ BITCOIN BEAT STOCKS AND GOLD IN SEPTEMBER
Bitcoin gained roughly 7% in September, while the S&P 500 was nearly flat and gold dropped more than 6%, according to Santiment data.
Thatโs an interesting shift after a period where Bitcoin was trading more like a risk asset alongside equities.
Goldโs 6%+ decline is particularly notable given how strong the metal had been earlier in the year. Meanwhile, BTC managed to finish the month higher despite elevated Treasury yields and continued macro uncertainty.
The numbers donโt prove Bitcoin has completely decoupled from traditional markets, but they do show that September belonged to BTC.
Bitcoin +7%. Stocks flat. Gold 6%. Q4 starts with crypto back in the spotlight. #uptober
Bitcoin gained roughly 7% in September, while the S&P 500 was nearly flat and gold dropped more than 6%, according to Santiment data.
Thatโs an interesting shift after a period where Bitcoin was trading more like a risk asset alongside equities.
Goldโs 6%+ decline is particularly notable given how strong the metal had been earlier in the year. Meanwhile, BTC managed to finish the month higher despite elevated Treasury yields and continued macro uncertainty.
The numbers donโt prove Bitcoin has completely decoupled from traditional markets, but they do show that September belonged to BTC.
Bitcoin +7%. Stocks flat. Gold 6%. Q4 starts with crypto back in the spotlight. #uptober
