Bitcoin weathers September storm as rate hikes and Clarity act setback test bulls
Bitcoin is down just 1.5% in its historically weakest month and remains on track for its first quarterly gain in a year, despite rising rates, surging oil and a stronger dollar.
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.
For bitcoin, the takeaway is its resilience, above $77,000, despite legislative setbacks, rising oil prices, tighter monetary policy and a stronger dollar. In other words, the path of least resistance appears to be higher.