Bitcoin, the world’s first and largest cryptocurrency, is back above $50,000 on Thursday. Bitcoin reached this level on August 23, before pulling back.
BTC is up 5.5% in the last 24 hours, according to CoinGecko, peaking at the local high of $50,171. With a market cap of $941.6 billion, Bitcoin currently dominates 40.6% of the market.
While this can be considered a rather positive start to a new month, historically September has been a difficult month for Bitcoin bulls.
Data from bybt.com shows that investors have suffered losses in September for the past four years in a row, with maximum monthly returns slightly exceeding 6%.