Negative Trend in Crypto Market Every September, Will It Happen This Year?

Bittime - According to Matrixport, September historically always brings negative trends in the crypto market, especially Bitcoin. Read this article to find out the full news!

US Employment Data 

The US employment data, which will be released on September 6, is usually an important indicator for financial markets, including the crypto market. 

This data is often influence monetary policy decisions from the Federal Reserve, which often have a direct impact on the value of crypto assets such as Bitcoin. 

This year, the crypto market is expected to respond to this data more intensely, considering the various economic and policy uncertainties currently taking place in the US.

Read Also: Eric Trump Announces Launch of New Crypto Project, World Liberty Financial

Price Bitcoin and Nvidia Stock 

From the end of 2022 to the second quarter of 2024, there is a strong correlation between the performance of Bitcoin and shares of Nvidia, an AI technology company. 

However, there are significant differences in the price trends of these two assets in recent months. Nvidia has seen its price surge thanks to a surge in interest in AI, while Bitcoin has not managed to keep up with that rise. 

This phenomenon shows that the correlation between the two assets is starting to weaken, and this could be a sign that Bitcoin price consolidation is deepening.

Technology Sector and Monetary Policy 

Apart from employment data, expectations for the US technology sector are also predicted to increase influence Bitcoin price, especially after Nvidia released their earnings estimates.

The technology sector, which has been one of the drivers of the US economy, is very likely influence overall market sentiment, including the crypto market.

Additionally, monetary policy decisions from the Federal Reserve will also be very important. Any changes in interest rates or other policies may influence liquidity in the market, which will also influence price of Bitcoin and other crypto assets. 

Meanwhile, the upcoming US presidential election debate between Kamala Harris and Donald Trump, is also expected to add to the uncertainty of the crypto market.

Read Also: Sales of Fourth Series of Trump NFTs Reach Over $2 Million in One Day

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.