Bitcoin Holds Its Ground as September Approaches

August is almost over, which means we are on the brink of September, a month that has been very good for Bitcoin in each of the past three years. The largest digital currency has had a difficult year so far, but it has managed to hold its ground and has shown signs of recovery in recent weeks (for August, we are looking at a gain of more than 20%). Whether this marks the start of a new bull market remains to be seen, but one thing is certain: Bitcoin is holding firm.

Winter

Bitcoin began 2026 with enormous expectations. After the price reached an all-time high of around $126.000 in late 2025, many investors assumed that a new explosive bull market had begun. Instead, the world’s largest cryptocurrency spent most of the year reminding investors why it remains the most volatile asset in global financial markets.

The first cracks appeared early on. Although supporters counted on political support for crypto and continued institutional buying, investors gradually became more cautious as geopolitical conditions deteriorated.

Selling pressure increased, and Bitcoin began to slide further.

Spring

By the second quarter, what had initially looked like a healthy correction increasingly resembled a full-blown bear market. According to several market analyses, Bitcoin lost more than 30% of its value in the first half of the year, eventually trading at around $60.000.

As the price fell, another data point became very clear: money was flowing out of crypto and into other markets. Investors who had previously sought gains in crypto increasingly shifted their capital towards companies active in artificial intelligence and technology stocks.

While Bitcoin struggled, many AI-related stocks shot sharply higher. That stark contrast meant that, for the first time in years, crypto began to look less attractive and even somewhat out of fashion.

Pressure mounted further when large corporate Bitcoin holders started making headlines. Strategy, Michael Saylor’s company and one of the world’s largest Bitcoin holders, sold parts of its position to fund obligations to shareholders. Those sales fuelled fears that other big players would do the same, triggering fresh waves of selling on the market.

The geopolitical situation did not help either. Rising tensions in the Middle East pushed oil prices higher and increased uncertainty. When investors around the world grew nervous, the cryptocurrency often fell in tandem with equity markets.

By the middle of the year, the Bitcoin optimism of 2024 and 2025 had largely evaporated. Crypto companies announced rounds of layoffs, and analysts debated whether Bitcoin had finally found a bottom. Thousands of jobs were lost across the sector as companies adapted to a difficult economic climate.

But Bitcoin refused to give up.

Summer

Throughout the summer, the cryptocurrency repeatedly defended the level around $60.000. Instead of sliding further, the market entered a long period of consolidation. Volatility declined sharply as buyers and sellers kept each other in balance. For weeks, Bitcoin moved within a relatively narrow range, to the frustration of both bullish and bearish traders.

As August progressed, the first signs of stabilisation began to appear. Institutional inflows improved, panic subsided, and Bitcoin started to form a solid base.

One notable development came from the world of interest rates and currency markets. Investors closely tracked Japan’s monetary policy and the future of the so-called ‘yen carry trade’. The survival of that strategy provided cautious optimism among crypto investors.