Bitcoin’s September Blues? Not So Fast
Bitcoin has a reputation for being a bit of a downer in September, with many calling it “The Curse of September.” But the founders of Glassnode, a well-known crypto analytics firm, aren’t buying it. They believe that Bitcoin is actually looking pretty strong this month, despite the initial dip.
Why They’re Bullish
The Glassnode founders, Jan Happel and Yann Allemann, say that the market’s expectation of a bearish September could actually make it less likely to happen. They also point out that Bitcoin has been outperforming the Nasdaq 100 index, a sign that it might be on the rise.
Altcoins to Watch
While the crypto market saw a bit of a sell-off this week, the Glassnode founders are keeping an eye on some altcoins that are showing strength. They specifically mentioned Starknet (STRK), Celestia (TIA), and Jupiter (JUP) as potential winners.
Overall, the Glassnode founders are optimistic about Bitcoin’s prospects for September. They believe that the market’s expectations of a downturn could actually work in Bitcoin’s favor.
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