As September approaches, the crypto market is bracing for the worst. This “Redtember,” with its historical tendency to bleed red, sparks anxiety among investors and traders as its ominous shadow once again falls across the digital asset space.
Now, all eyes are on the potential performance crypto market to see if this year will be different. With new dynamics and catalysts at play, one thing is certain - September's performance will set the tone for the rest of the year.
Historically, September has been the most unfavorable month for the crypto market. With the month just around the corner, analysts and industry experts are directing the community’s attention to the imminent bearish trend.
As per a recent X post by KookCapitaLLC, “September is historically one of the worst months.” As per the monthly returns analysis, Sept has frequently experienced negative returns across various years, with the average return for the month being -3.77% and the median return being -4.35%.