Bitcoin Rally Pushes Crypto Into Green for September, But Alts Are Lagging: Analysis

In brief

  • The crypto market is poised to close in the green for September as Bitcoin rallies above $114k.
  • Altcoins like ADA and DOGE, though, aren’t faring nearly as well.
  • Technical indicators and prediction market data diverge on the near and long-term market view.

The crypto market is nursing another day of modest losses—but they’re modest enough to escape the seasonal September curse.

Despite the sea of red today, with 82% of the top 100 coins by market cap registering losses, September is poised to end in green, with an average monthly gain of 2.7%. For those curious, if we remove Bitcoin from the equation, the altcoin market is still up roughly 0.7% for the month. Not bad, all things considered.

The global cryptocurrency market…

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