September typically brings a slowdown in trading activity. The volume of cryptocurrency transactions in Czech exchanges fell by more than 25% compared to August, totaling approximately one billion Czech crowns. Since the beginning of the year, Czechs have bought and sold cryptocurrencies worth about 11.7 billion crowns domestically, according to the latest data from traders.

Trading activity traditionally decreases after the summer months as investors close speculative positions and markets face pressure before the end of the third quarter when companies and funds balance their books. Anycoin, the largest Czech cryptocurrency exchange, reported a turnover of 389 million crowns, representing a 28% decrease from the previous month.

Despite the overall decline, there’s been an increase in interest among larger investors, which Bit.plus director Martin Stránský attributes to their greater professionalism and market knowledge. However, he remains cautious about Bitcoin’s price growth, noting that future development remains uncertain.

Cryptocurrency markets showed increased volatility in September, with Bitcoin hovering around $110,000 for most of the month before breaking the record threshold of $125,000 in early October. Market experts predict consolidation in the coming weeks, with Bitcoin’s ability to maintain current levels being crucial. Growing institutional interest, especially from ETF funds and banks, strengthens confidence in long-term growth.

The fourth quarter is historically Bitcoin’s strongest period with an average growth of 57.7%. The beginning of October has been particularly favorable for cryptocurrencies as the U.S. government shutdown has increased interest in assets independent of American governance. Experts project Bitcoin could target $130,000 by year-end, with Ethereum potentially exceeding $5,000. Two more interest rate cuts in the USA expected during the last quarter could further boost risk assets like Bitcoin and Ethereum.