September (AKA Rektember) Is Once Again A Tough Month For Stocks AND Bitcoin

The S&P 500 dropped sharply last week on worries about a slowing economy. September (AKA Rektember) Is Once Again A Tough Month For Stocks AND Bitcoin

September is living up to its reputation as a tough month for stocks AND Bitcoin.

Going back to 1928, the S&P 500 has declined an average 1.2% in September, the weakest month of the year for stocks. The index ended lower 56% of the time over that stretch, according to Dow Jones Market Data.

The words “Rektember” and “Uptober” are commonly used in crypto, as digital asset prices often “rekt” in September and “get some relief in October”.

At the beginning of September, Bitcoin hit a two-week low, shedding more than 2% at the beginning of the month. However, analysts still believe in a potential upside for the digital asset.

Related:

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* Arthur Hayes Predicts Bitcoin Rally After Closing Short Position

* BTC Price Losses Mimic A Standard “Rektember”

* First Gold ETF Took 2 Years To Hit $10B, This Bitcoin ETF Did It In 2 Months

* Gold ETFs Bleed $2.4B So Far In 2024 As Bitcoin ETFs Hit Record Volumes

* Ultimate Resource For A Spot And/or Futures Bitcoin ETF

* Ultimate Resource For Bitcoin’s Inflation Rate VS Gold And The U.S. Dollar

* Does Bitcoin Boom Mean ‘Better Gold’?

* Goldman Sach’s Call On Crisis, Bitcoin, And Inflation

* Investors Create Cash Shortage As They Sell Everything From Treasurys To Gold

* Ultimate Resource On Peter Schiff As He Makes His Case For Gold Over Bitcoin

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