Bitcoin weathers September storm as rate hikes and Clarity act setback test bulls
Bitcoin has shown surprising resilience in September, maintaining its value despite negative market signals like a Federal Reserve rate hike and the failure of the Clarity Act. Analysts suggest this lack of price movement indicates seller exhaustion, which is often a precursor to a market bottoming process.
Why it matters
The asset's ability to absorb bad news without significant price drops suggests a shift in investor sentiment and potential long-term stability for the cryptocurrency market.
Observers say the resilience signals bullish undercurrents.
After bitcoin rallied 25% in August, reaching around $81,000, expectations were that it would surrender much of those gains. That’s because September has delivered an average loss of roughly 3% since 2013.
Instead, bitcoin is down just 1.5% this month. With under two weeks remaining, it is still up about 32% for the quarter, putting it on course for its first positive quarterly close since the third quarter of 2025.
As of this writing, bitcoin is trading at $78,000, roughly back to where it was before Wednesday’s Fed rate hike, which was largely seen as a headwind for crypto and other risk assets.
That’s not all. This week has provided plenty of reasons for the market to fall, but it hasn’t.
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