Bitcoin enters ‘Rektember’ as rate-hike risk combines with seasonality to threaten rally

September has historically been a poor month for risk assets in general, and bitcoin, in particular.

September has produced an average bitcoin decline of around 3% since 2013, giving it the name “Rektember.”
Markets are pricing in a 66% chance of a September Fed rate hike, giving a more fundamental reason for weakness this year.

1 Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions 17 hours ago
2 Crypto job postings triple to over 1,200 in September, but applications fall 17 hours ago
3 Cathie Wood says smart investors need to start watching where AI agents spend money 18 hours ago
4 Crypto's Sisyphean struggle 20 hours ago
5 BlackRock offers a glimpse of how tokenization may change your investment portfolio 20 hours ago
6 Bank group sues U.S. regulator over granting crypto trust charters 1 day ago
7 BNY in talks with Kraken parent Payward over infrastructure partnership 1 day ago
8 Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98% 1 day ago
9 Trump’s potential AI czar, Jay Clayton, helped pioneer the SEC’s crypto crackdown 1 day ago
10 America at a crossroads: Commissioner Peirce’s parting challenge 1 day ago

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Original sourceCoinDesk

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Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.