Bitcoin had a strong September, gaining 7.7% and marking its best month since May. Ether also saw gains. October and November are historically strong months for bitcoin, with an average return of nearly 23% in October. Investors are optimistic about the fourth quarter despite ongoing challenges in the market. The Fed’s rate cuts and inflows into bitcoin ETFs are expected to impact prices, along with the outcome of the U.S. presidential election. The central bank of China’s actions will also influence market performance. Despite a volatile year, bitcoin is up 47% year-to-date, while Ether has gained 10%.
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