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?

It’s September.

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

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:

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!