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Bitcoin may break September for the third year in a row


Bitcoin has picked up a series of negative returns in the summer for three years, but it is now It enters its worst monthKnown as “Red September”.

September bears the dreaded pseudonym because it achieved the lowest monthly returns for Bitcoin (BTCAverage -3.77 % over the past 12 years of 2013. It is the month on which China has imposed a pair of the main encryption ban in 2017 and 2021.

This record is weighed by six years of losses from 2017 to 2022. The tables were transformed in 2023, and Bitcoin has now published gains in a row in September, including the best September in 2024, when the month was closed by 7.29 %.

The reputation comes from the stocks, where September is also the weakest month for the S&P 500. It is when investors return from the summer with a more risk and the money balance is restored to the fourth quarter.

September is also the worst month for S&P 500. Source: Yardini research

Depression often does not last. September losses historically in October, or “October months”, a month that achieved gains in six consecutive years and a loss only in the history of Bitcoin, according to what it said. Coinglass.

“Red September” “Uptober” follows the second best month for Bitcoin after November.

Organizational withdrawal for September Red on Bitcoin

In the first years of Bitcoin, its price was scattered and was not widely tracked. The original for the first time was 1,000 dollars in 2013, as it caught the attention of the prevailing media and paid better archives. In the same year, the launch of the Coinmarketcap Coinmarketca complex, followed by Coingecko in 2014.

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Between 2013 and 2016, Bitcoin’s performance was equally divided evenly, with two positive months and two negatives. The pattern erupted in 2017 during the boom of the initial currency (ICO), when Bitcoin crossed $ 1,000 for the second time and passed 2000 dollars for the first. LED speculation frenzy The Chinese Central Bank of ICOS on September 4Which raised the first six of September, the consecutive red. South Korea followed itself ICO ban on September 29While organizers in another place issued warnings.

Bitcoin fell on ICO banning news in China and yawning from the South Korean ban. Source: Coingecko

I entered the aftermath of what became known as the first winter encryption, as it crashed countless ICO. By September 2018, Bitcoin fell from the rise of December 2017 absolutely near $ 20,000 to less than $ 7,000. A media report on September 5 claimed that Goldman Sachs was Abandoning the plans of the encryption office. The bank later Reject As “fake news”.

A report claiming that Goldman Sachs abandons the coding office tanks. Source: Coingecko

September 2019 added another blow with the long -awaited long Bakkt’s bitcoin futures. Despite the high expectations of institutional flows, trading sizes were weak, and the appearance was first classified. Three days later, Bitcoin fell from approximately $ 10,000 to less than $ 8,000. The Binance Research report was martyred on September 30, 2019 The factor contributing to the low price of bitcoin.

The next September three reflected the era of the epidemic and its repercussions. While Covid-19 initially strengthened Bitcoin’s Narration is like an inflationSeptember 2020 has witnessed the capital revolves in the ether (EthDuring “Divi Summer”.

Ether dominance against Bitcoin grew throughout “Defi Summer” and reached its climax in September. Source: TradingView

In September 2021, China was again struck with a A ban on encryption and trading mining. The following year, Terra/Luna collapsed in May Leave deep scars, and 0.75 rate of high point rate – the fifth year of the seventies – Add salt to Bitcoin injury.

Bitcoin chain breaks “Red September”

Six consecutive years of September losses, Bitcoin picked up the series in 2023. A pivotal catalyst came on August 29 when a federal appeal court ruled that the US Securities and Stock Exchange Committee rejected Grayscale’s attempts to convert bitcoin confidence into a trading immediate exchange box (ETF) It was “arbitrary and volatile.”

Grayscale’s victory over the Supreme Education Council led to Bitcoin ETF approvals in January 2024. Source: Erik Balunas

The decision was forced to reconsider the application and revive confidence that Bitcoin ETF in the United States was inevitable. The ruling carried momentum in September, which helped Bitcoin an increase of about 4 % a month. The American Federal Reserve also helped feelings by keeping prices fixed After 11 increases in 12 meetings starting in March 2022.

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The investment funds circulating in the instant Bitcoin were approved and included in the United States in early 2024. By Midyear, financial tools were routinely published in billions of dollars in the daily trading volume. The total conditions added fuel as the Federal Reserve delivered a discount rate on September 18, 2024, which was First since March 2020.

In September 2024, the Federal Reserve started a series of price cuts until they were kept during most of 2025. Source: Federal Reserve in St. Louis

Then he came The launch of World Liberty Financial On September 16, 2024, which was rapidly woven in American election novels. Frazed as an encrypted project alignment by Donald Trump, he first appeared while he was in the midst of what would become a successful presidential campaign, indicating a political embracing cryptocurrency at the highest level.

Other price reduction can help break the curse of “September Red”

Bitcoin is heading to September 2025 with the weight of history. The month is a stumbling block, characterized by organizational shocks and tightening courses that tightened investor morale.

This year, the background looks stronger than it was in the past rotation. Bitcoin’s investment funds continue to spread billions in rotation and have become a gateway to institutional capital. Throughout 2025, the troubled companies turned into a bitcoin treasury in an attempt to turn their misfortunes.

The encryption industry also brings new speculation from August outside China, with rumors about these authorities It can allow for pumpkin to the outer yuan. So far, officials have not provided any confirmation.

https://www.youtube.com/watch?

Jerome Powell Duvish’s notes make his final speech at Jackson Hall. Source: Associated Press

The attention of investors on the United States directly, as it seems that the Fed Bank has been focused. In late August, Federal Reserve Chairman Jerome Powell He gave his final speech Jackson Hall Before the end of his term in May 2026.

In 2022, Powell to caution From “pain” for families and companies, where the Federal Reserve was pressed with high aggressive prices. This year, hit a tone, Saying It may require that “transform the risk balance” control the position of the FBI policy.

Another reduction in the Federal Open Market Committee to be held from September 16 to 17.

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