Bitcoin holds steady in September despite rate hikes, strong dollar headwinds

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Bitcoin has declined only 1.5% in September, a month historically known for poor crypto performance. The modest dip comes despite mounting macroeconomic pressures including rising interest rates, surging oil prices, and a strengthening US dollar. Despite these headwinds, Bitcoin remains on course to post its first quarterly gain in a year. The resilience of the cryptocurrency signals underlying bullish sentiment among investors even as broader financial conditions tighten.

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