Bitcoin's September Performance Surpasses Expectations, Positive Outlook for October

According to BlockBeats, QCP Capital reported on September 30 that both stocks and Bitcoin exceeded expectations at the end of the third quarter, breaking the usual sluggish trend seen in September. Bitcoin has risen more than 7% this month, marking one of its strongest September performances ever. As October begins, global risk appetite remains robust, with Goldman Sachs' prime brokerage division indicating that hedge funds are betting three times more on rising IT stocks than on falling ones. QCP Capital suggests that Bitcoin may continue to fluctuate within its current range due to a historical pattern of profit-taking at these levels. Despite this, the firm maintains a positive outlook on Bitcoin's medium-term prospects, believing that a breakthrough of $70,000 could trigger further upward momentum.