Bitcoin’s modest gains trail Nasdaq and gold<\/p>\n
As September draws to a close questions arise about what lies behind Bitcoin’s<\/a>\u00a0uninspiring performance this month.<\/p>\n Bitcoin is currently up about 4.3% for the month trading at $112,950 at the time of writing having recovered a large portion of its 6.5% drop in August. It hasn\u2019t been a bad month per se for the ‘King of Crypto’.<\/p>\n However by its standards it’s significantly less than the double-digit gains recorded in April and May. Currently it’s only keeping pace with the Nasdaq 100<\/a>\u00a0which is up by a similar percentage but lagging behind gold<\/a>\u00a0which has gained 8.77% month-to-date.<\/p>\n Both gold and the Nasdaq are markets that Bitcoin is correlated with at various times owing to Bitcoin’s dual personality as a risk asset when the market is bullish<\/a> and a digital safe haven when market sentiment turns bearish<\/a>. Interestingly we are in a period where both the Nasdaq and gold are performing well and Bitcoin might be expected to do better.<\/p>\n There are several theories that may offer insights into Bitcoin’s underperformance two of which are outlined below.<\/p>\n Factors influencing Bitcoin’s performance Gains in cryptocurrency are driven by various factors including positive news specific to the sector such as the emergence of exchange-traded funds (ETFs)<\/a> and favourable cryptocurrency regulation which often leads to new highs and attracts media and public attention. Since ‘Crypto Week’ in mid-July there has been a lack of fresh sector-specific news leading to fewer record highs diminished media attention and a decline in fresh buying.<\/p>\n This in turn has resulted in some profit-taking which triggered a move lower in prices and then the liquidation of weak long<\/a> positions<\/a> who were drawn into the space after Bitcoin’s latest rally<\/a> commenced in early July.<\/p>\n Consolidation periods and technical adjustments<\/b><\/p>\n The second theory is that during Bitcoin’s explosive run higher from the start of 2024 to the $124,517 record high in August 2025 it experienced several periods of consolidation in between. Some of these consolidations lasted weeks others many months.<\/p>\n During this time Bitcoin has worked off overbought readings and rebuilt energy and it seems it\u2019s doing exactly that again now.<\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin’s modest gains trail Nasdaq and gold As September draws to a close questions arise about what lies…\n","protected":false},"author":3,"featured_media":252759,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[64,135,67,132,68],"class_list":{"0":"post-252758","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115263087866207881","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/252758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=252758"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/252758\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/252759"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=252758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=252758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=252758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nSector news scarcity\u00a0<\/b><\/p>\n