Cointime

Download App
iOS & Android

Bitcoin Investors Brace for Potential Volatility in September and Look to Mid-October for Major Developments

Bitcoin investors should brace themselves for a potentially bumpy ride in September, as historical data shows that the month has often resulted in negative returns for the cryptocurrency. Crypto analyst Will Clemente also noted that September has had the least number of positive-returning months and is on a six-year negative-returning streak.

However, Bloomberg ETF analyst James Seyffart has suggested that investors should look to mid-October as the next major days to watch, as it is the second decision deadline for the SEC for seven pending spot Bitcoin ETFs. Seyffart and fellow analyst Eric Balchunas have pinned the chances of a spot Bitcoin ETF approval by the end of this year at 75%.

Comments

All Comments

Recommended for you