Bitcoin has begun September under pressure after recording its best August performance since 2017, according to Decrypt. The early weakness has revived the crypto market’s “Rektember” label, a play on September’s reputation for difficult trading conditions and the term “rekt.” The key question for market participants is whether Bitcoin will follow historical September averages or defy the seasonal trend this year. Decrypt’s September 2 report describes the month as living up to its nickname so far, with Bitcoin slipping after its strong August showing. The update provides a brief snapshot of Bitcoin’s transition from a historically powerful August into a month closely watched for its past performance patterns.
Source
Decrypt
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
Read original source ↗
