Bitcoin (BTC) $65,837is preparing to make a strong start to the last quarter of the year. matrixportAccording to the latest report of , the October-December period is historically a period in which markets see an upward trend, and this year may not be any different. It is estimated that there may be a significant increase in the price of Bitcoin after a long-standing consolidation process. Similarly in 2023 September The positive predictions made at the end of May were correct and the expected rally at the end of the year took place. This year, Bitcoin end of year rally It is predicted that it may surprise many investors.
Price Performance of Bitcoin in the Light of Historical Data
BitcoinIn 2024, it entered a consolidation process after reaching a new record high in March. However, it has returned 49 percent since the beginning of the year, broadly in line with historical estimates of a 47 percent return.
Looking at the performance of the last decade, it is stated that Bitcoin may show a significant price increase starting in October. Especially in the October-March period, the biggest increase of 40 percent was observed. cryptocurrencyIt recorded an average increase of 27 percent in the April-September period. October stands out as the strongest month, with an average gain of 20 percent in eight of the last ten years.
Fed’s Interest Rate Cut and Its Effects on the Market
recently US Federal Reserve‘s (Fed) cut the interest rate by 50 basis points caused a significant movement in the markets. Fed Chairman Jerome Powellstated that this reduction is an indicator of confidence that inflation will return to the 2 percent target. In addition, this step was considered as a precaution against possible weaknesses in the labor market.
Powell’s emphasis on the strength of the US economy and his dovish comments eased investors’ concerns. This move ensured that market momentum was maintained ahead of the upcoming US presidential elections.
It is currently considered that 2025 may be an important turning point for Bitcoin and other cryptocurrencies. It is estimated that there may be a period when cryptocurrencies approach the threshold of mass adoption, like technologies in the past. Matrixport stated that it will discuss this issue in detail in the coming weeks. With all this Ethereum 
$2,668The slight recovery in (ETH) gas fee also started in October. cryptocurrency marketIt indicates that Turkey may leave its summer stagnation behind.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
