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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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)....
It’s been an extremely poor month for the Ethereum decentralized finance (DeFi) space. Leading coins pertaining to this fledgling space have shed dozens of percent from their all-time highs, set either in August or in early September. Take the example of Yearn.finance (YFI), which has dropped from its all-time high of $44,000 to $14,000 as […]
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 […]
International markets are uneasily relaxed today, as investors and speculators position for a September Fed rates hike. Chinese Yuan devaluation surprised markets last week and may have a subtle influence on that hoped-for September outcome. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Mon 17 August. Japan Prelim GDP q/q (actual: -0.4% expected: -0.5% previous: 1.0%). Tue 18 August. UK CPI y/y (expected: 0.0% previous: 0.0%). US Building Permits....