Bitcoin had a strong September, gaining 7.7% and posting its best month since May. Despite only rising 2.5% in the third quarter, the cryptocurrency is poised for a potential run to record highs in the final quarter. Ether finished September up more than 3% but down over 20% for the quarter. The path to new highs may face obstacles such as supply overhang and uncertainty surrounding the U.S. presidential election. October and November historically have been strong months for bitcoin, with October dubbed “Uptober” by investors. Market liquidity is expected to return after a summer lull, creating positive momentum for the cryptocurrency. Macro conditions, rate cuts, and inflows into bitcoin ETFs are key factors that may drive bitcoin’s price in the coming months. Despite facing challenges throughout the year, bitcoin has held onto a 47% year-to-date gain, while Ether is up 10% for the year.