Despite a decline following last week's surge, Bitcoin and crypto stocks remain on track for a favorable September.

Despite a decline on the last trading day of September, crypto stocks are still set to achieve a positive monthly performance, having rallied earlier in the week.

The flagship cryptocurrency dropped by 3.5% to $63,612.63, after briefly surpassing $65,000 last week, according to Coin Metrics. Additionally, crypto stocks such as Bitcoin and Ethereum fell by 3% and 5% respectively in premarket trading.

Strikes at ports along the East and Gulf Coasts could disrupt the economy before the holiday season, causing concern among investors.

As bitcoin surged nearly 5% in five days ending Sept. 27, analysts cautioned about overbought conditions. This coincided with a spike in net inflows into global crypto exchange-traded products to their highest level since mid-July. In the same period, Coinbase and MicroStrategy experienced gains of 12% and 21%, respectively, with both stocks jumping 6% on Friday.

Last week, the combined net buying volume of U.S. bitcoin ETFs (16,774 BTC) surpassed the typical one-month supply of newly mined bitcoin (13,500), according to ETC Group, which is owned by Bitwise. This was mainly due to the policy reversal by the People's Bank of China, the firm stated.

Bitcoin is currently experiencing its strongest September in history with an 8% gain, despite historically being its weakest month.

Coinbase is expected to experience a 4% monthly increase, but has decreased by nearly 14% during the quarter. Some analysts predict that this trend will continue in the near future. On the other hand, MicroStrategy has experienced a 33% increase in monthly gains and a 28% increase in quarterly gains.

Crypto and risk assets are expected to perform well in the upcoming quarter, which is traditionally a strong period for the market.

The debate surrounding Bitcoin's narrative continues, with opinions differing on whether it is a store of value or a risk asset. However, its current correlation is more akin to the S&P 500 than to gold. Investors anticipate that Bitcoin will benefit from rate cuts, clarity following the U.S. presidential election, and seasonal and favorable market conditions, leading to increased inflows into crypto ETFs.