HomeCryptoBTC, ETH, ADA, BNB, XRP, DOGE, SOL, DOT, UNI, LUNA

BTC, ETH, ADA, BNB, XRP, DOGE, SOL, DOT, UNI, LUNA

There is an previous proverb which says that historical past doesn’t at all times repeat, but it surely tends to rhyme. If that holds true for Bitcoin (BTC), then a powerful up-move might not occur within the month of September. 

Bybit knowledge exhibits that since 2013, Bitcoin has closed September within the purple for six years and has managed a constructive month-to-month shut solely on two events. The finest efficiency was in 2016 when Bitcoin rose 6.04%.

Daily cryptocurrency market efficiency. Source: Coin360

However, September’s poor historic efficiency has not stopped small and enormous merchants from accumulating Bitcoin in August. Ecoinometrics reported rising account balances for addresses holding 1,000 to 10,000 BTC and for accounts that maintain lower than one Bitcoin.

Will September’s poor historic report scare away the bulls or will this yr be an exception? Let’s analyze the charts of the top-10 cryptocurrencies to seek out out.