Home web3.0 Bitcoin (BTC) Investors Should Brace Themselves for a 'Seasonal Slog” in September, Says NYDIG

Bitcoin (BTC) Investors Should Brace Themselves for a 'Seasonal Slog” in September, Says NYDIG

Sep 10, 2024 pm 03:32 PM
bitcoin seasonal slog short-term price catalysts

ビットコイン金融サービスプラットフォームのNYDIGは、ビットコイン投資家は9月の「季節的低迷」に備えるべきだと述べており、この月は歴史的に平均リターンが最悪となる。

Bitcoin (BTC) Investors Should Brace Themselves for a 'Seasonal Slog” in September, Says NYDIG

ビットコイン(BTC)投資家は9月の「季節的低迷」に備えるべきであり、同月は歴史的に最悪の平均リターンをもたらすとビットコイン金融サービスプラットフォームNYDIGは述べた。

「残念ながら、ビットコインの今後の短期的な触媒となる可能性は現時点ではまばらです」とNYDIGのグローバル調査責任者グレッグ・シポラロ氏は9月10日の市場最新情報で述べた。

Cipolaro added that Bitcoin investors may only be able to look for a few catalysts external to crypto in the coming weeks, with a tight focus on very specific macroeconomic developments.

“Most catalysts have to do with macroeconomic data (inflation, unemployment, GDP growth) or monetary decisions (FOMC interest rate decisions) and very few are crypto or Bitcoin-specific.”

Bitcoin rose just over 3% on the day, buoyed by solid performance in the S&P 500 and the tech-heavy Nasdaq, both of which closed with respective gains of 1.16% on Sept. 9.

Several commentators have noted that September is historically the worst month for Bitcoin's price action, with the largest cryptocurrency posting a mean monthly loss of 5.9% in September in the 13 years since 2011.

September’s mean monthly losses for Bitcoin since 2011 stand at -5.9%. Source: NYDIG

The fourth quarter of the year — now less than three weeks away — has typically proved the strongest for Bitcoin, with October and November posting respective mean gains of 16.1% and 40.6%, according to NYDIG data.

Cipolaro said the most “looming” concern for the crypto market was the upcoming U.S. presidential election in November.

Former President Donald Trump has “made his mark” as the crypto-friendly candidate, but much less is known about Vice President Kamala Harris’ stance on digital assets, something that will most likely lead to heightened uncertainty and increased volatility in the meantime.

“We won’t guess as to which candidate might win the election, but November might be a pivotal moment for the industry. Until that time, however, Bitcoin might be at the whims of the broader market backdrop,” said Cipolaro.

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