September shows negative returns for Bitcoin since 2017
The month of August ended with a 13% increase in the price of Bitcoin (BTC). However, expectations for next month are not encouraging. According to historical data, September has been showing negative returns for the BTC since 2017.
In fact, the price closed positively this month in just two years: 2015 and 2016. The worst years were 2014 and 2019, when the price dropped 19.01% and 13.38%, respectively.
- Central Bank of China: We will continue to crack down on cryptocurrencies
- Cuba government issues resolution authorizing the use of cryptocurrencies in the country
- Inflation in Germany hits historic highs in August
- Nubank targets valuation of up to $100 billion with upcoming IPO
September’s record, in terms of losses, is only better than March.
Despite the BTC’s attempts to break the $50,000 barrier, the price did not show the strength to continue the move. As a result, the price has started to enter a sideways zone between the $47,000 and $50,000 range.