September is the worst month of the year for bitcoin and cryptocurrency in general. This article looks at BTC’s performance during this month and how it compares to other months.
The best and worst months for crypto is a question that has been asked by many people. September has been considered the worst month of the year, but there are some other months that have been worse than September.
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- September is Bitcoin’s poorest month of the year, with an average return of -7 percent.
- Bitcoin’s volatility was similarly low in September.
According to a Kraken study, September is historically Bitcoin’s poorest month of the year, with an average return of -7 percent. BTC’s performance this month should be anticipated by crypto investors. The price of bitcoin may fall more than anticipated this month.
Monthly BTC Returns (Source: Kraken)
Despite BTC’s reduced price movement this month, Bitcoin volatility was low in September. Furthermore, September’s nine-year average and median volatility are the lowest of any other month, at 61 percent and 45 percent, respectively.
According to the Kraken Report,
“Given that bitcoin has only recovered 25%, has yet to reach its 315-day moving average of 78 percent, and just 38 days have gone since volatility troughed at 23%, additional market volatility should be expected.”
‘Volatility is part of the game,’ according to Bitcoin Archive in a tweet.
Furthermore, crypto aficionados Tegar’s portfolio tweeted that “August was, on average, also the worst-performing month for #Bitcoin.” However, in August of this year, #BTC was in the black.’
At press time, the BTC price was trading at $46,847.16 on CoinMarketCap, with a 24-hour trading volume of $43,650,801,226.
The BTC 50-Day Moving Average is shown in the graph above. BTC is clearly showing a positive trend on the chart. Since the end of July, the BTC price has been hovering around the 50-MA.
Bitcoin’s (BTC) price has been on a steady decline since the beginning of September. It seems like September is BTC’s worst month of the year. Reference: bitcoin vs inflation.
Frequently Asked Questions
Is September a bad month for BitCoin?
September is a bad month for BitCoin because it is the end of the year and there are no more new coins.
What day of the week is BitCoin cheapest?
The day of the week that BitCoin is cheapest is Friday.
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