As expected, the first day of September saw a 2% drop, with BTC prices weak and hitting a low of $57,230 on Bitstamp - a level last seen on August 16.

It seems that what I said to the brother in the comment area is right.

Based on the performance of the Nasdaq index in the past ten years (2014 to 2023), there were 8 declines in September, with a probability of decline of up to 80%. Since there is a certain degree of correlation between cryptocurrencies and US stocks, they may also be affected.

Further observation of Bitcoin's monthly return rate shows that in the past 11 years (2013 to 2023), Bitcoin also performed poorly in September, with 8 declines and a probability of decline of up to 73%. In addition, from the average monthly return rate, September is the month with the most declines, with a decline of up to 4.78%.

Although historical data shows that the cryptocurrency market also has the "September curse", there are still many positive factors in the market (such as possible interest rate cuts in September, effects before the US election, etc.). Therefore, investors can use the September effect as an auxiliary reference rather than the only basis for decision-making.

#加密市场急跌