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Crypto

Bitcoin up 25 percent in August faces September test as \'Red September\' jinx looms

Bitcoin is again confronting statistics showing September as its weakest month, having closed lower in 8 of the past 13 Septembers since 2013. The average September return was minus 2.97 percent, with a median of minus 2.44 percent, while October has been the strongest month. Analysts also point to U.S. equity seasonality, Fed rate expectations and support and resistance levels as key factors as bitcoin trades around $77,500.

Crypto

Three factors behind bitcoin rebound as regulation, liquidity and policy expectations align

Bitcoin rose above $69,000 for the first time since July. U.Today reported that U.S. regulatory moves, signs of expanding liquidity and policy discussions in Washington helped restore inflows into spot bitcoin exchange-traded funds, while technical indicators also signalled a trend shift. Bitwise CIO Matt Hougan cited a proposed SEC rule, a plan to expand long-term Treasury buybacks and a closed-door White House meeting with crypto executives.

Crypto

Bitcoin climbs above $68,000 as SEC rule proposal, White House summit boost sentiment

Bitcoin regained the $68,000 level and rose 6.16 percent to $68,610, with market share at 58.84 percent, Coin360 data showed. Major altcoins also gained, while some tokens fell. The rally followed the SEC’s proposal of a new rule dubbed “Regulation Crypto Asset” and President Trump’s White House crypto summit with executives and CFTC and SEC chiefs. U.S. Treasury buyback news also supported risk assets.