Channels

Silver

Bitcoin

Read

<div class="coingape"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">📉 $BTC has started September by falling to $25.4K, its lowest price level since June 16th. Traders have a growing concern that the #SEC may not be willing to approve a spot #Bitcoin #ETF, even after #Grayscale's victory. Expect #FUD to dominate at least through the weekend. pic.twitter.com/0JK7j3YGYA</p>  
  <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
   <div class="ad1"> 
    <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
    </div> 
   </div>  
   <div id="my-banner-ad" class="d-inline-block"></div> 
  </div> 
  <p>— Santiment (@santimentfeed) September 1, 2023</p> 
 </blockquote> 
 <p></p> 
 <p><span style="font-weight: 400">In the context of past performance, September hasn’t traditionally favored BTC. Will Clemente, a crypto analyst, emphasized that, since 2016, Bitcoin has faced mostly negative returns in this month. Specifically, while 2019 saw a sharp 13.47% drop, 2022 experienced a milder decline of 3.12%.</span></p>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/01/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/01/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/01/fa6133ad6e87ee1c4776d3849180d46b.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/01/fa6133ad6e87ee1c4776d3849180d46b.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Best Crypto Trading Bots List 2023</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/01/f88de9f91a8c6b7926f52e209e8f697e.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/01/f88de9f91a8c6b7926f52e209e8f697e.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/31/e59946958a3ce000f279efb2e1b9c852.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/31/e59946958a3ce000f279efb2e1b9c852.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/01/48cfebc8a0493db9937bed5dd005ee19.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/01/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div> 
 <h2 id="b-a-silver-lining-for-btc-b"><b>A Silver Lining for BTC?</b></h2> 
 <p><span style="font-weight: 400">Despite the initial setbacks this month, there’s a potential for BTC to shift its September narrative. Given its unpredictable nature, Bitcoin could break from the historical slump and register gains. However, the market’s fate hinges significantly on fundamental factors, urging traders to remain alert.</span></p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">I know it "looks bad", but it looked bad at 15k too. </p> 
  <p>After our bearish weekly candle at 15k, we only drifted about 2.5% lower before finding our bottom.</p> 
  <p>Looks can be deceiving which is why you can't base your bias off of how things "look".</p> 
  <p>A break in market structure at 24.8k… https://t.co/wQxpY4bkLN pic.twitter.com/szFYwcVEjA</p> 
  <p>— CrediBULL Crypto (@CredibleCrypto) September 1, 2023</p> 
 </blockquote> 
 <p></p>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p><span style="font-weight: 400">The SEC’s delayed decisions on ETFs have ruffled the market, and while some experts had braced for this outcome, the resultant drop was more pronounced than predicted. The </span><span style="font-weight: 400">Grayscale court victory</span><span style="font-weight: 400"> had initially hinted at an open door for Bitcoin ETFs. Still, the subsequent postponements have injected uncertainty into the mix. Moreover, the SEC has another 45 days to finalize its stance, though another extension remains possible.</span></p> 
 <p><span style="font-weight: 400">However, a beacon of hope looms with analysts pegging a 75% probability of the </span><span style="font-weight: 400">SEC </span><span style="font-weight: 400">approving a spot Bitcoin ETF within this year. This optimistic forecast gained traction, particularly after Grayscale’s court triumph, implying that the SEC might find it challenging to maintain its previous stance of denial.</span></p> 
 <h2 id="b-the-bottom-line-b"><b>The Bottom Line</b></h2> 
 <p><span style="font-weight: 400">As September progresses, the crypto community watches Bitcoin’s moves closely. With history painting a bleak September picture and recent events adding to the uncertainty, Bitcoin’s path remains unpredictable. As the SEC’s decision day approaches, the outcomes will significantly influence Bitcoin’s trajectory. </span></p> 
</div>  
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/btc-records-a-10-week-low-tbt61268.html">https://thebittimes.com/btc-records-a-10-week-low-tbt61268.html</a></p>

BTC Records a 10-Week Low

Table of Contents

TheBitTimes

Other articles published on Sep 1, 2023

Bitcoin (BTC) September Move Foreshadowed by This Historical Trend

Is MyBro Legit: An In-Depth Crypto Margin Trading Platform Review

ApeCoin Price Prediction as APE Falls Below $1.50 – Here are Key Levels to Watch

Bitget Wallet Partners Mobox to Power the Next Generation of Free-to-Play Games

LBank's PINs IEO Achieves Over 400% Gain in the First Half Hour

Web3 Social Protocol Tako Protocol Closes $2 Million Pre-Seed Funding Round

Join our free newsletter for daily crypto updates!