Bitcoin Faces Tough September, Uncertainty Looms Ahead

Investors in Bitcoin should prepare for a challenging September, historically one of the worst months for returns, according to New York Digital Investment Group (NYDIG).

In a market update on September 10, Greg Cipolaro, NYDIG’s global head of research, highlighted the scarcity of near-term catalysts for Bitcoin. Cipolaro noted that significant drivers for Bitcoin’s price are currently limited to broader macroeconomic factors like inflation, unemployment, and interest rate decisions by the Federal Open Market Committee, rather than cryptocurrency-specific events.

Despite Bitcoin’s recent 3% increase, aided by gains in the S&P 500 and Nasdaq, September’s historical trend shows an average loss of 5.9% for Bitcoin over the past 13 years.

Looking ahead, the fourth quarter, which starts in less than three weeks, has generally been more favorable for Bitcoin, with October and November historically showing average gains of 16.1% and 40.6%, respectively.

READ MORE:

Bitcoin’s Future Could Depend on U.S. Presidential Election Outcome, Analysts Say

Cipolaro also mentioned the upcoming U.S. presidential election as a significant concern, noting the uncertainty surrounding the candidates’ positions on digital assets. This potential volatility could impact Bitcoin’s performance in the near term.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.