Why Is the Crypto Market Crashing? 3 Best Coins to Beat the Dip
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September has a bad reputation in the cryptocurrency industry. There’s even a name for it – “Red September” – because year after year, the market sells off. Bitcoin has closed negative in most Septembers over the past decade, and altcoins typically get dragged down with it.
This trend isn’t random. Seasonal liquidity drains typically occur as the U.S. Treasury replenishes its cash account, institutions make tax payments, and investors realize losses to balance their books. So, with less capital floating around for risk assets (like…
