SeptemBear is here, will we revert the trend?

Crypto has no days off, so neither do we.

Here’s what we got for you today:

• Are we in for another SeptemBear?

Are we in for another SeptemBEAR?

It’s September.

Fun Fact: September has been one of the worst months for crypto over the last few years.

• Bitcoin hasn’t had a “green” September since 2016

• ETH has been down 4 of the last 6 years

• BTC has been down for 6 of the last 9 years

• On average, Bitcoin goes down ~7% in September (the worst dip of any month)

Why this happens… there are two popular theories:

1. Some investors & funds exit their market positions to lock in their tax gains/losses for the year.

2. The S&P500 also tanks in September. Since 1928, stocks are down 1.1% on average for the month - the worst by far.

With crypto’s price becoming more & more correlated with the S&P 500, it’s no surprise that it’s also taken a hit in September over the last few years.

So the million-dollar question is: Will September 2022 be the same?

We can’t predict the future, but there are 3 big events that could make or break it:

• Sept 13: CPI data released (aka we see how much it costs just to breathe)

• Sept 13-15: the Ethereum merge

• Sept 21: the Fed announces interest rate hikes

Our Take: With the Fed warning that “more pain is coming” and that interest rates will most likely increase, it could be another rough September.

That’s a wrap for today, ladies & gents. Stay tuned & see ya tomorrow!

If you want more, be sure to follow our Twitter @romooloAnd remember this simple maths: