September is historically the worst month for BTC since 2013

If historical data is anything to go, Bitcoin’s (BTC) price might dip further this September, which has been the worst-performing month on record for the crypto asset since 2013. Available data shows that the flagship digital asset has only seen its value rise in two September between 2013 and 2021. Meanwhile, the September effect is not peculiar to BTC alone. The S&P 500 has also had downturns in most of September since 1928. Between 1928 and now, the S&P 500 averaged a 1.1% decline in September. Experts argue that the general market decline in September is due to investors’ behavior. According to Elena Dure, most investors usually exit their market positions in September to lock in their gains or even tax losses as the year draws to a close.