Data: The average depreciation rate of Bitcoin in September was 6.56%, and the Federal Reserve's interest rate cut may break the historical downturn

ChainCatcher news, according to Coindesk, Bitcoin's price has fallen to around $57,500, with a seven-day decline of over 10%. This trend is consistent with the overall downward trend in the cryptocurrency market and aligns with Bitcoin's historical pattern of typically performing poorly in September.

Innokenty Isers, founder of the cryptocurrency exchange Paybis, stated that historical data shows Bitcoin's average depreciation rate in September is 6.56%. However, he also pointed out that if the Federal Reserve cuts interest rates in September, it could change this negative trend, as rate cuts usually lead to excessive liquidity in the dollar, thereby strengthening Bitcoin's position as a store of value.

Although September is typically seen as a weak month for Bitcoin, Isers believes that considering macroeconomic indicators, the adoption of spot Bitcoin ETFs, and favorable hash rates, this September may perform relatively well.