“Red September” is Bitcoin’s worst month, but rate cut hopes and institutional momentum could extend its winning streak. Bitcoin snapped a three-year streak of negative summer average returns, but it now enters its worst month, known as “red September.” September carries the dreaded nickname because it has delivered the lowest monthly returns for Bitcoin (BTC), averaging –3.77% across 12 years from 2013. It is also the month China imposed a pair of major crypto bans in 2017 and 2021. That record is weighed down by six consecutive years of losses from 2017 to 2022. The tables turned in 2023, and Bitcoin has now posted two straight September gains, including its best September ever in 2024, when it closed the month up 7.29%. Read more
Bitcoin is in position for a rebound toward $124,500 in September, even as history brands the month as one of its weakest. Key takeaways: Bitcoin may avoid a big September drop and could aim for new highs soon. A weaker dollar and Fed rate cuts can be significant tailwinds for BTC price. Read more
XRP price must hold above $2.80 or risk triggering a technical correction in September, with the downside target closer to $2. Key takeaways: XRP is on course to finish August in losses, raising worries about a potential bearish continuation in September. Losing $2.80 support could accelerate XRP selling, with technicals warning about a 25% drop ahead. Read more
About $1.17 billion will be released through cliff unlocks, while $3.36 billion will come from linear unlocks in September. Crypto projects are set to unlock about $4.5 billion in vested tokens in September, according to data tracker Tokenomist. Tokenomist data shows that about $1.17 billion will come from cliff unlocks, while $3.36 billion will be released through linear unlocks. About $4.5 billion in tokens will become available to investors, project teams and other stakeholders as vesting agreements expire. Cliff unlocks are typically larger, one-time token releases that happen at the end of a specified lockup period. This often affects the market more due to supply shocks. On the other hand, linear unlocks distribute tokens over time, which helps smooth out the impact on the supply. Read more
Since 2016, whenever Ether’s price has gone up in August, it has historically fallen in September, data shows. Ether’s price has climbed 25% since the beginning of August, but historical data suggests the cryptocurrency could lose steam in September. Only time will tell if Ether (ETH) plays out differently this year, with billions flowing into spot Ether ETFs and treasury companies. Crypto trader CryptoGoos said in an X post on Friday, “ETH seasonality in September during post-halving years is typically negative. Will this time be different?” Read more