Bitcoin is shown some signs of stirring from its September stupor late Thursday, rising around 3% to $26,400, before dropping back below $26,000 during the European morning. The CoinDesk Market Index (CMI) also hit its highest point this month, rising 2% before retreating. Bitcoin has mostly languished below $26,000 this month as traders await clarity around major regulatory hotspots, such as the SEC’s decision to list a spot bitcoin ETF in the U.S. September has been a tough month for bitcoin, which has posted negative returns every year since. 2016. Right now, 2023 looks a long way off.
