๐ ๐จ CRYPTO MARKET UPDATE โ โREKTEMBERโ FEAR? ๐ฐ๐
In September, the crypto market is often called โRektemberโ ๐ because, according to historical data, since 2013 Bitcoin has seen an average decline of about 3% in September.
โฟ Bitcoin (BTC):
After a strong ๐ 25% jump in August, Bitcoin is under a bit of pressure today and is trading around $78,000.
But the positive thing is that in the past 3 years, September has been profitable for Bitcoin ๐๐ฅ โ so bullsโ hopes are still alive. ๐
โฆ๏ธ Ethereum (ETH):
Ethereum is currently trading near $2,450. Last week, ETH saw a strong rally of about 30% ๐๐
๐ฆ Fed Interest Rate Pressure:
Markets are watching the US Federal Reserve meeting on 16 September ๐. Due to expectations of an interest-rate hike, short-term pressure is being seen on both Bitcoin and Gold. ๐๐ฆ
๐ฅ Bottom Line:
September has historically been risky, but history doesnโt repeat every time. BTCโs recent momentum and the past 3 profitable Septembers are positive signs for the bulls. ๐๐
โ ๏ธ Volatility in the crypto market is high โ make sure to do your research.
#Bitcoin #BTC #Ethereum #ETH #Crypto #CryptoMarket #Rektember #BitcoinNews #Altcoins #CryptoUpdate ๐๐
In September, the crypto market is often called โRektemberโ ๐ because, according to historical data, since 2013 Bitcoin has seen an average decline of about 3% in September.
โฟ Bitcoin (BTC):
After a strong ๐ 25% jump in August, Bitcoin is under a bit of pressure today and is trading around $78,000.
But the positive thing is that in the past 3 years, September has been profitable for Bitcoin ๐๐ฅ โ so bullsโ hopes are still alive. ๐
โฆ๏ธ Ethereum (ETH):
Ethereum is currently trading near $2,450. Last week, ETH saw a strong rally of about 30% ๐๐
๐ฆ Fed Interest Rate Pressure:
Markets are watching the US Federal Reserve meeting on 16 September ๐. Due to expectations of an interest-rate hike, short-term pressure is being seen on both Bitcoin and Gold. ๐๐ฆ
๐ฅ Bottom Line:
September has historically been risky, but history doesnโt repeat every time. BTCโs recent momentum and the past 3 profitable Septembers are positive signs for the bulls. ๐๐
โ ๏ธ Volatility in the crypto market is high โ make sure to do your research.
#Bitcoin #BTC #Ethereum #ETH #Crypto #CryptoMarket #Rektember #BitcoinNews #Altcoins #CryptoUpdate ๐๐
