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"Wake Me Up When September Ends": Here's Why Crypto Market Is Afraid of September

Thu, 09/01/2022 - 12:39
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Arman Shirinyan
One of worst months for crypto is here, but you should not enter panic mode
"Wake Me Up When September Ends": Here's Why Crypto Market Is Afraid of September
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September is probably the least favorite month of the cryptocurrency market, as it historically brings nothing but losses to crypto holders. According to data provided by Cryptorank, Bitcoin has faced significant losses in the first month of autumn for the last five years.

Bitcoin has seen only one positive September in its trading history on the market in 2016 and 2015. The average trading result for the first cryptocurrency in September is at -5.56%. Considering the average volatility of BTC, it can be considered insignificant.

September Data
Source: CryptoRank

Large September losses were monitored ahead of or during bull runs, as the largest tracked loss was at 19% in 2014. The second largest September loss for the orange coin was seen in 2019 when it was trading around $9,000.

Based on the situation on the market today, we will most likely see the same movement of Bitcoin on the market as we have seen for the last few years. The stalemate on the market is a perfect time to accumulate assets like Ethereum and Bitcoin.

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The prolonged consolidation might face downward after all, bringing a mild loss to Bitcoin holders and a repetition of last year's results. Luckily, the month after September brings a more pleasant picture to the table, with significant profits in six out of nine years of trading history of Bitcoin.

What can go wrong?

The only notable event that is going to happen in September is the long-awaited Ethereum Merge update, which can become an unexpected source of volatility on the market if the second biggest asset faces technical issues that would postpone the upgrade.

Luckily, potential problems will most likely have an effect on Ethereum rather than Bitcoin.

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About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.