SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, TON, SOL – Cointelegraph Insights

Bitcoin’s (BTC) performance on September 24 indicates that bearish sentiment continues to dominate the market. Sellers are attempting to drive the price below the $26,000 mark, but buyers are likely to fiercely defend this support level. The bulls are aiming for a positive closing for the month of September, which would mark the first time they’ve achieved this since 2016.

If successful, this could significantly boost market sentiment, as historically, October tends to be more favorable for buyers. Data suggests that Bitcoin has only experienced two negative monthly closes in October, occurring in 2014 and 2018. However, maintaining momentum may prove challenging for bulls if macroeconomic challenges persist.

The article includes various daily charts illustrating the performance of different cryptocurrencies.