Bitcoin Nears Three-Month Winning Streak as Rally Defies Legislative Setbacks

Bitcoin's recent rally has put it on course for three straight monthly gains from July to September, a feat last achieved in 2012. The largest cryptocurrency has risen roughly 10% through September 2026, reclaiming levels above $87,000 and breaking a technical threshold many analysts had treated as a confidence test.

The market's resilience is notable, given the legislative setback of the CLARITY Act and geopolitical tension, including the Iran conflict. However, traders seem more focused on what regulators can still do rather than what Congress did not pass.

Fresh demand in U.S. spot Bitcoin exchange-traded funds has reinforced this shift, with a near-$1 billion inflow day helping underwrite the latest push higher.