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The “September Effect” is an awaited phenomenon in the stock market, with the month having historically negative returns for investors. Bitcoin (BTC) has seen a similar effect, with September being the worst month for returns, usually punishing cryptocurrency bulls. Finbold retrieved data from CoinGlass on August 31, seeking to understand this scenario and provide data-guided insights into cryptocurrencies. Notably, in September, Bitcoin’s historical average and median monthly returns were -4.78% and -5.58%, respectively. September and June are the only two months with negative average results, with the latter being a neutral -0.35%. Picks for you Long bear market alert if Bitcoin stays under this key price level 2 hours ago ...

Ripple’s XRP token has faced significant hurdles over the last few years. The asset last traded over the $1 mark in late 2021, nearly three years ago. Despite its lacklustre performance, XRP has maintained its popularity in the crypto community and is still one of the most popular currencies for cross-border remittance. Also Read: Solana (SOL) Price Prediction For This Weekend: August End 2024 How Long Do You Have to Wait for XRP to Hit $5? For XRP to hit $5 from its current price, the asset will have to rally by nearly 793%. According to the analysts at Changelly, Ripple’s XRP token could hit a new all-time high of $3.57 in 2028. As for the $5 mark, the platform anticipates the token breaching it in 2029, about five years from now. The platform predicts XRP will hit a maximum price of $5.004 in 2029. Source: Changelly Also Read: DOGE Uptick Ahead? Elon Musk, Tesla Win Dogecoin Manipulation Lawsuit Telegaon researchers are more bullish on Ripple’s XRP token. The platfo...

BlackRock’s spot Bitcoin ETF (exchange-traded fund) recorded its first net outflow since May 1 yesterday as the 12 BTC funds extended their negative flow streak to 3 days and the leading crypto dropped below $60K. BlackRock’s IBIT, which is the largest spot Bitcoin ETF by net assets, recorded $13.51 million in net outflows on Aug. 29, according to data from SosoValue. ARKB The Only Spot Bitcoin ETF To Record Net Inflows Yesterday Capital continued to flow out of Grayscale’s GBTC after $22.86 million left the fund’s reserves on Aug. 29. Similarly, Fidelity’s FBTC suffered net outflows of $31.11 million, while Bitwise’s BITB and Valkyrie’s BRRR posted respective outflows of $8.09 million and $1.68 million. The only spot Bitcoin ETF that recorded net inflows yesterday was Ark and 21Shares’ ARKB. This is after investors poured $5.34 million into the fund.  In addition to the net outflows, the funds also saw their collective tradi...

The cryptocurrency market is known for its volatility, but it is also known for driving elements capable of delivering unprecedented profits. Keeping the spirit of the market in sight, here are two of the most popular tokens that may provide fresh gains in September 2024. Is Bitcoin still king? Find out now! Also Read: AI Sets Shiba Inu (SHIB) Weekend Price (August 31st-September 1st) Try These 2 Coins to Earn Major Returns This September 1. Bitcoin (BTC) Bitcoin is currently the leading cryptocurrency, a token that bears the power to rule the entire crypto sector. BTC currently sits at $59K, a stable position for the token to trade at. Since BTC has already touched the $70K price level, investors are keen to explore the possibilities above again. Per Santiment, whale and shark activity has increased concerning Bitcoin, suggesting bullish sentiment to sweep the space once again. “Bitcoin currently sits at $58.9K, which is apparently just fine for whale and shark holders. Over the past ...

The Neiro price surged 45% in the last 24 hours to trade at $0.01199 as of 06:54 a.m. EST, with trading volume skyrocketing to $3 million. Neiro on Solana aims to follow a deluge of Neiro meme coins launched since the owner of Kabosu, the late Shiba Inu canine who birthed the Dogecoin meme coin, announced the adoption of a new Shiba Inu dog named Neiro. Neiro Price Roaring Towards A Bullish Rally Continuance According to data from GeckoTerminal , the Neiro price has formed a double bottom pattern, as the bulls aim to use the $0.010 resistance level to push the token up. NEIRO has now surpassed both the 50-day and 200-day Simple Moving Averages (SMAs), which affirms the bullish trend. Moreover, the Relative Strength Index (RSI) is soaring toward the 70-overbought region, which shows that the buying pressure is intensifying at this level. The Moving Average Convergence Divergence (MACD) is also bullish, as it soars past the neutral line. The blue MACD line also crosses above the o...

Ripple’s XRP token has had a rough few years. The asset has struggled to reclaim the $1 mark since late 2021. Despite the lacklustre performance, XRP has continued to see support from users and investors. The asset is one of the most popular currencies for cross-border remittance. Also Read: Ripple: 20% Institutional Investors Hold XRP, Study Confirms Factors Affecting XRP’s Performance and Future Predictions Why the Poor Performance Over the Last Few Years? A major obstacle to the price of XRP was the Ripple v. SEC litigation. In December 2020, the financial watchdog sued the fintech company, which claimed it was selling unregistered securities. Since then, XRP has been declining with occasional upswings in price. Also Read: Solana Price Prediction: SOL Forecasted To Reach $220 The fintech company was fined $125 million as part of the settlement of the lawsuit. There appear to be no legal issues facing the company, which might lead to an XRP surge. When Will $1000 Worth of XRP Be...

Recent market data shows that an altcoin comeback is ongoing! Cryptocurrencies like Helium, Aave, and TRX have updated their prices. Crypto enthusiasts call this rebound “alt season.” Are we really in an alt season? Find out below. According to CoinMarketCap, several altcoins have posted double-digit gains over the past week. This might be the start of crypto investor’s interest in this type of asset. Also Read: Ripple: How To Be A Millionaire When XRP Reclaims Its All-Time High Navigating Market Volatility: Helium, Aave, and the Altcoin Comeback 1. Helium (HNT) – Shows Strength Amid Market Fluctuations Helium (HNT) is a great altcoin to research and has had an altcoin comeback. Data from TradingView shows that HNT’s price has increased by X% over the past month, outpacing many of its peers. Check this info out below. Technical analysts mention the tightening of Bollinger Bands on the HNT chart. They think these might show reduced volatility. Added to that...

With its unique proposition of launching its own blockchain, Pepe Unchained has recently reached the $10 million milestone in its presale. Pepe Unchained is a new crypto project that has been making significant strides in the market, attracting attention for its blend of utility and the nostalgic appeal of Pepe the Frog. While $PEPU embraces the Pepe theme, it sets itself apart by delivering substantial technological advancements that attract investors seeking to optimize their returns. Unlike traditional layer 1 solutions, Pepe Unchained leverages the benefits of layer 2 technology, offering several key advantages. It ensures seamless integration with Ethereum, allowing for effortless interactions with decentralized applications (dApps) and smooth transfers between Pepe Unchained and Ethereum. The project also addresses concerns about transaction fees by keeping them minimal, making it more accessible. Additionally, Pepe Unchained enhances scalability, facilitating faster trades an...