However, this year brings a slew of major events.
September key events + some insights
September promises to be an interesting month for the market, especially for crypto.
Several key events could increase market volatility:
- Labor market data will be released on September 6. Similar reports on July 5 and August 5 caused significant volatility, especially the significant decline on August 5.
The market now views job creation, rather than inflation, as the primary indicator of the American economy's health.
On September 18, the results of the two-day Fed meeting, including the decision on rate cuts, will be announced.
September 20 marks triple witching, which occurs only four times a year—on the third Friday of March, June, September, and December—and can lead to a sharp increase in trading volume and volatility.
On September 29, @CZ will be released from prison. Many analysts expect $BNB to rise on this news.
Additionally, it's worth noting that September has traditionally been a challenging month for Bitcoin, often marked by volatility and downturns due to post-summer trading slumps and macroeconomic shifts.
Consequently, a decline in Bitcoin's price is likely this month.
