Crypto Market Historically Bearish in September: Outlook Not Great for 2022
CryptoNewsTerminal Staff01 Sep, 2024
Crypto Market Historically Bearish in September: Outlook Not Great for 2022
Crypto options analytics firm Greeks.live macro researcher Adam via X that the “crypto market is still very bearish. September has historically not been great for the past few years, and it doesn’t look great for this year.” He added that “this week is a big macro week, with the U.S. unemployment rate and nonfarm payrolls coming out, which could have a significant impact on the market." This news follows a recent report by Arcane Research, which found that the crypto market has been in a downtrend for the past few months. The report also found that the market is likely to remain in a downtrend for the rest of the year. If you are considering investing in cryptocurrency, it is important to be aware of the risks involved. The crypto market is volatile and can experience large swings in price. It is also important to do your own research and understand the different cryptocurrencies before you invest.
