Bitcoin Dips Below $78K as September Weakness and Fed Hawkishness Collide

BitcoinWorld Bitcoin Dips Below $78K as September Weakness and Fed Hawkishness Collide Bitcoin fell below $78,000 on the first trading day of September, entering a historically weak period for the cryptocurrency.

The decline comes as traders weigh seasonal patterns against a backdrop of renewed monetary policy concerns.

September’s Reputation: The ‘Rektember’ Effect September has long been considered the worst month for Bitcoin, with average returns of around -3% since 2013, according to data from CoinDesk.

This seasonal weakness has earned the month the nickname “Rektember” among crypto traders.