Bitcoin fell about 1% to below $78,000 in early September, continuing a pattern of average declines of roughly 3% in the month since 2013. Since 2013, September has been the worst-performing month for Bitcoin on average, with only five positive months recorded. The past three Septembers have shown gains, however. Analysts assign a 66% probability that the Federal Reserve will raise rates by 25 basis points at its September 16 meeting, with another potential hike expected by year‑end, which would bring the target federal funds range to 4.00%–4.25% by the end of 2026. Higher rates tend to tighten financial conditions and support the U.S. dollar, weighing on risk assets such as Bitcoin. Gold also slipped more than 2% on Tuesday. Geopolitical tension increased after U.S. strikes against Iran, pushing West Texas Intermediate crude to $88 per barrel, its highest level since late July. The market may consolidate or correct after August’s 25% gain, the strongest monthly increase since November 2024.