Bloomberg reported that Bitcoin is expected to record one of the biggest gains in September due to the United States' shift to loose monetary policy and the global interest rate cuts. Bitcoin prices have risen by more than 10% so far this month, while in the past decade, the average September decline was 5.9%.
At the same time, the small token index rose by more than 20%, showing that the loose financial environment has activated high-risk assets in the crypto market. In order to support economic growth, the Federal Reserve and the European Central Bank, etc., lowered borrowing costs in September. Investors expected more stimulus measures to be introduced and rushed to buy assets such as stocks and gold to cope with the looser monetary environment.