September Showdown: Bitcoin, Ethereum, and Solana Face Unfavorable Seasonality
The month of September is historically unfavorable for crypto investments, with Bitcoin showing its weakest monthly performance during this period. Central bank decisions can also intensify volatility, making it a challenging time for investors.
This year's context adds many uncertainties, including a probable rate hike in the United States. Despite these threats, three cryptos have strong arguments to get through the month: Bitcoin, Ethereum, and Solana.
Bitcoin is considered the most defensive choice due to its liquidity and market dominance. Its progression will depend mainly on the Fed's decision, bond yields, and its ability to sustainably reclaim $80,000.