September marked a surprising downturn for Bitcoin (BTC), the leading cryptocurrency, as it closed the month at $62,989 following a 3% decline on September 30.
Contrary to expectations of a strong performance, this drop caught traders off guard and led to a substantial liquidation of around $226.55 million in the broader cryptocurrency market.
Despite hints of a Federal Reserve rate cut, Bitcoin's unexpected dip highlights market volatility and investor reactions to economic signals.
