🚨 Crypto Market Tanks — September Curse Strikes Again

September is living up to its reputation as crypto’s worst month. After a brutal selloff that erased $162B in market value, the market has slipped into negative territory despite Bitcoin barely holding on.

🔑 Key Highlights:

Bitcoin (BTC): Clings to ~$109K, up just 1% for the month. A drop below support could flip the whole market red.

Ethereum (ETH): Fell under $4K, triggering $500M in long liquidations and sparking contagion across altcoins.

Market Cap: Down 4.7% today to $3.73T, extending a seven-day slump.

Altcoins: Altcoin Season Index plunged from 77 → 69 as traders rotate into BTC for “safety.”

Regulatory Pressure: SEC/CFTC roundtable (Sep 29) + Senate crypto tax hearing (Oct 1) add extra event risk.

📊 Technical Picture:

BTC holds above $109K but struggles to break $115K.

Indicators (RSI 42, ADX 17) suggest weak momentum and vulnerability to more downside.

Descending triangle pattern points to a possible drop toward $108K.

🌪️ Red September History:

Crypto has posted losses in 8 of the last 11 Septembers. Early-month gains above $4T evaporated as profit-taking and leverage unwinds accelerated the fall.

🌱 Looking Ahead:

Prediction markets give 68% odds BTC stays above $105K in September.

“October” historically brings relief rallies, but charts remain shaky.

👉 Question is: Can Bitcoin rescue the market befre September ends, or will the curse prevail?

#Bitcoin #Ethereum #CryptoNews #BinanceSquare #CryptoMarket