Will Bitcoin Perform Better In September Compared To August? Here’s What The ...
With each month, the Bitcoin performance can vary widely depending on how investors are feeling toward the market. Years of monthly return data available for the cryptocurrency have led to investors and analysts trying to pinpoint the cryptocurrency’s next move based on historical performance. As the month of August draws to a close, Bitcoin investors are already looking toward September in hopes that the new month will come with better tidings. Bitcoin Looks To End August On A Negative Note Despite starting out on a high note, the Bitcoin price saw multiple crashes in August as the month....
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As Tuesday drew to a close, Bitcoin’s performance turned slightly bearish again after the crypto king reclaimed above the $113,000 mark in a short rebound. Bitcoin’s price action this year has seen a wild ride when compared to some past cycles. However, it is still less significant than most of the previous cycles. How Bitcoin’s […]
Ethereum’s rally this month has been sharp, but traders are being warned to watch September closely. Related Reading: Bitcoin’s Next Stop For 2025? $175,000, According To SOL Strategies Boss Ether climbed about 20% since the start of August, trading at $4,745 at the time of publication. Prices even pierced $4,860 after dovish remarks from US Federal Reserve Chair Jerome Powell at the Jackson Hole symposium, a move that many in crypto see as a possible spark for more gains. Historic September Pullbacks According to CoinGlass, history offers a cautionary note: there have been only three....
Serious cold feet over the outlook for monthly timeframes with September historically a "red" month. BItcoin (BTC) is on track to see its worst August performance since the 2015 bear market — and next month may be even worse.Data from on-chain analytics resource Coinglass shows that BTC/USD has not had an August this bad for seven years.September means average 5.9% BTC price lossesAfter two major BTC price comedowns in recent weeks, Bitcoin hodlers are understandably fearful — but historically, September has delivered even worse performance than August.At $20,000, BTC/USD is down 14% this....
After non-fungible token (NFT) sales soared during the month of August, the first week of September’s NFT sales has been awful. Statistics show the number of sales in mid-August tapped a high of 193,693 sales but plummeted 86% to 27,053 sales on September 10. Metrics from the most used marketplaces show that volume has slid considerably following the same fallout cryptocurrency market have felt during the last four days.
NFT Sales and Trade Volumes Plummet
So far, September has not been the best month for NFTs and sales in this space. Last month, non-fungible token (NFT)....
Ethereum is likely to perform extremely well in 2021, analysts say despite the recent rapid drawdown in ETH’s price. The coin currently trades for $350, around 30% below the recent year-to-date highs of $490, set just a few weeks ago. Ethereum’s strong move lower was a result of a correction in the Bitcoin market, along with a rapid slowdown in the utility of leading decentralized finance platforms. Ethereum To Perform Really Well in 2021 Speaking […]