The “September Effect” is an awaited phenomenon in the stock market, with the month having historically negative returns for investors. Bitcoin (BTC) has seen a similar effect, with September being the worst month for returns, usually punishing cryptocurrency bulls.
Finbold retrieved data from CoinGlass on August 31, seeking to understand this scenario and provide data-guided insights into cryptocurrencies.
Notably, in September, Bitcoin’s historical average and median monthly returns were -4.78% and -5.58%, respectively. September and June are the only two months with negative average results, with the latter being a neutral -0.35%.
As for the median, August and December join the first two months with -7.90% and -3.59% monthly results. Overall, Bitcoin has positive historical averages and medians in most months, increasing the concerns regarding the potential upcoming “September Effect.”
Bitcoin Monthly returns (%). Source: CoinGlass
Bitcoin and the September Ef
We współpracy z: https://finbold.com/will-the-september-effect-impact-bitcoin-price-this-year/
