{"id":23220,"date":"2023-09-01T12:47:01","date_gmt":"2023-09-01T12:47:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-begins-historically-rough-september-with-dip-to-26k\/"},"modified":"2023-09-01T12:47:01","modified_gmt":"2023-09-01T12:47:01","slug":"bitcoin-begins-historically-rough-september-with-dip-to-26k","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-begins-historically-rough-september-with-dip-to-26k\/","title":{"rendered":"Bitcoin begins &#8220;historically&#8221; rough September with dip to $26k"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692352012097-a679b61e-394c-4e9d-918e-1348f560d565-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692352012097-a679b61e-394c-4e9d-918e-1348f560d565-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692352012097-a679b61e-394c-4e9d-918e-1348f560d565-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692352012097-a679b61e-394c-4e9d-918e-1348f560d565-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<div class=\"fr-img-space-wrap\">\n<ul>\n<li class=\"fr-img-space-wrap2\">Crypto prices traded lower on Friday as Bitcoin retested the $26k area.<\/li>\n<li class=\"fr-img-space-wrap2\">Declines across major altcoins added to the forecast of a \u201cbumpy\u201d ride in historically negative September.<\/li>\n<\/ul>\n<p class=\"fr-img-space-wrap2\">Cryptocurrencies were largely down on Friday, September 1 as major caps slid amid a surprising decline likely fueled by latest delays for spot Bitcoin ETFs.\u00a0<\/p>\n<\/div>\n<p dir=\"ltr\">As can be seen in the crypto <a href=\"https:\/\/coin360.com\/share\/2023\/9\/5\/0-e1496fa0-48b9-11ee-9c93-d7c24f53d0a6_1693567368090.png\" rel=\"noopener noreferrer\" target=\"_blank\">heat map<\/a> below, Bitcoin (which has retested levels under $26k) and Ethereum (prices have dipped under $1.7k) lead the 24 hour rot. Most top 20 coins are in the red. CoinGecko data also shows the global crypto market cap has dropped by 3.4% at the time of writing.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption  fr-fic fr-dib fr-draggable\" style=\"width: 700px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/08\/01\/1693568305162-6d06cbc6-dcd2-4213-8d76-13df33eddc42.png\" style=\"width: 700px\" class=\"fr-fic fr-dib\" width=\"700\" height=\"278\"\/><span class=\"fr-inner\"><a href=\"https:\/\/coin360.com\/share\/2023\/9\/5\/0-e1496fa0-48b9-11ee-9c93-d7c24f53d0a6_1693567368090.png\" rel=\"noopener noreferrer\" target=\"_blank\">Crypto price heat map by Coin360<\/a><\/span><\/p>\n<p><\/span><\/span><\/p>\n<h2 class=\"fr-img-space-wrap2\">Bitcoin tests $26k area<\/h2>\n<p class=\"fr-img-space-wrap2\">Analysts say the crypto market could be in for yet another rough September. According to crypto analyst Will Clemente, historical data shows crypto is on a six-year streak of negative returns during this month. Overall, no other month has had as few green monthly candles as September has for Bitcoin price.<\/p>\n<\/div>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin&#8217;s returns broken down by months<\/p>\n<p>September has had the least number of positive-returning months at just two and is on a 6-year negative-returning streak. <a href=\"https:\/\/t.co\/4VqZkMubm3\">pic.twitter.com\/4VqZkMubm3<\/a><\/p>\n<p>\u2014 Will Clemente (@WClementeIII) <a href=\"https:\/\/twitter.com\/WClementeIII\/status\/1697396981583237437?ref_src=twsrc%5Etfw\">August 31, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">According to Santiment, Bitcoin\u2019s nearly 5% slip in the past 24 hours has the top crypto \u201cright back where it started prior to the Grayscale news\u201d that catalysed the broader crypto market. The upside that followed the court decision could now be more of a \u201c\u201cbuy the rumour, sell the news\u201d event,\u201d the market intelligence provider <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1697470691006906377\" rel=\"noopener noreferrer\" target=\"_blank\">noted<\/a>.<\/p>\n<p dir=\"ltr\">Stock-to-flow model creator PlanB points to the fact that Bitcoin has to shake off \u201call tourists and weak hands before take-off.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Sorry, we have to get rid of all tourists and weak hands before take-off. Almost there. <a href=\"https:\/\/t.co\/Lp6N4K9NhD\">pic.twitter.com\/Lp6N4K9NhD<\/a><\/p>\n<p>\u2014 PlanB (@100trillionUSD) <a href=\"https:\/\/twitter.com\/100trillionUSD\/status\/1697569070193799539?ref_src=twsrc%5Etfw\">September 1, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">While the next few weeks will likely be as choppy as anything, analysts are forecasting a return to upside momentum in mid-October. This outlook bears in mind the potential for a SEC decision on the multiple ETF applications it delayed on Thursday.<\/p>\n<p dir=\"ltr\">Bitcoin was trading near $26,000 after testing lows of $25,683, with the price range of $25,600-$26,600 a key zone. Both bulls and bears are eyeing control here and a flip lower is likely if we have a \u201cSept-repeat\u201d.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-crypto-prices-fall-as-bumpy-september-rolls-in\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Crypto prices traded lower on Friday as Bitcoin retested the $26k area. Declines across major altcoins added to the forecast of a \u201cbumpy\u201d ride in historically negative September. Cryptocurrencies were largely down on Friday, September 1 as major caps slid amid a surprising [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":23221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23220"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23220"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23221"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}