Bitcoin fell 7% in August while Ether rose 17%! September may present a rebound opportunity as historical data shows "Uptober" is approaching.

The crypto assets market experienced diversification in August: Bitcoin fell by 7%, while Ether rose against the trend by 17%, with ETH's rise relative to BTC reaching 74% over two months. Bitcoin's dominance rate dropped by more than 5% within a month, but traders expect a rebound in September. Historical data shows that October is traditionally a strong month for Bitcoin, with an average rise of up to 21%, referred to as "Uptober." Meanwhile, Bitcoin millionaires are driving a transformation in the luxury goods industry's crypto payment.

Market performance and dominance changes

According to TradingView data, Bitcoin performed poorly in August, with a price fall of 7%, while Ethereum achieved a significant rise of 17%. The cumulative performance difference over the past two months is even more pronounced: Bitcoin is nearly flat (with a rise of less than 1%), while Ethereum has cumulatively risen by 74%. This divergence has led to Bitcoin's market capitalization dominance rate declining by more than 5% in a month, reflecting that funds are rotating from Bitcoin to altcoins.

September Outlook and Trading Strategies

CoinGlass historical data shows that since 2013, Bitcoin has averaged a fall of 3.7% in September, with a median decline of 4.3%. Despite the fact that the past two years have seen a rise in September, traders remain cautious about short-term weakness. Satraj Bambra, CEO of the mixed exchange Rails, pointed out: "Bitcoin may experience a volatile consolidation at the beginning of September, at which point the ETH-BTC ratio could reach a local high. Subsequently, the ETH-BTC ratio will cool down, indicating that Bitcoin's dominance will rebound relative to ETH in September."

October historical patterns and the impact of the Federal Reserve

The market generally expects the historical repetition of "Uptober"—since 2013, Bitcoin has only experienced declines in two October months, with an average and median return rate of 21%. The upcoming Federal Reserve policy meeting on September 16-17 becomes a key variable, as Jerome Powell's recent signals of interest rate cuts may create a liquidity-friendly environment, benefiting Bitcoin's performance. Although still affected by overall market selling pressure, the large inflow of ETFs and accumulation by long-term holders will provide support for Bitcoin.

Crypto Assets concept stock risk warning

VanEck Crypto Assets Research Director Matthew Sigel warned: "Although there are no signs of excessive leverage seen in the previous cycle, a large number of newly listed crypto stocks require continuous buyer support to maintain current prices. If retail investor interest significantly diminishes, these stocks will inevitably come under pressure, while Bitcoin may instead emerge as the outperformer." After Bitcoin reached a historic high of nearly $125,000 on August 13th, the market is searching for a new equilibrium.

Revolution of Luxury Goods Payment

Bitcoin appreciation is changing the consumption patterns of the wealthy: Flexjet's private aviation company FXAIR has begun accepting Bitcoin payments. Chairman Kenn Ricci stated that there has been a surge in demand from young travelers: "Bitcoin wealthy clients are showing great interest; they need larger planes and longer routes." One-way flights from London Farnborough Airport to New York can reach up to $80,000.

Virgin Voyages( has started using Crypto Assets to sell $120,000 annual tickets; SeaDream Yacht Club (equipped with a nearly 1:1 crew-to-passenger ratio) began accepting Bitcoin shortly after Trump returned to the White House; boutique hotel groups such as the Kessler Collection in the U.S. and Pavilions Hotels & Resorts from Hong Kong have also started accepting Dogecoin, Litecoin, and Ether payments.

McKinsey's analysis shows that travelers aged 30-40 spent $28 billion in 2023, and this number is expected to reach $54 billion by 2028. This group of new luxury travelers is completely different from traditional first-class passengers and is driving a transformation in payment methods for the high-end travel industry.

) Conclusion

The market in September may welcome a critical turning point, as Bitcoin's historical "October strength" pattern resonates with the Federal Reserve's monetary policy. Investors should pay attention to the capital flow changes in crypto concept stocks while being cautious of market volatility risks. The adoption of crypto payments in the luxury goods industry indicates that digital assets are deeply integrating into the lifestyles of high-net-worth individuals. This enhancement of real-world practicality may provide long-term value support for crypto assets. It is advised to monitor the dynamics of compliant trading platforms and to diversify asset allocation to mitigate risks.