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  • Sep 06, 2024

Bitcoin Usually Suffers in September—But 'Uptober' Is Right Around the Corner

September has been historically a difficult month for U.S. stocks. And when it comes to the Bitcoin market, the so-called “September Effect” could be just as prevalent—and the performance of the price of BTC this first week lends credence to the theory. The Wall Street phenomenon has been well documented for nearly a century. Since 1929, the S&P 500 has declined in September 55% of the time, according to Open Markets, “by far the most out of any month, and the only individual month that has decl...

  • Sep 06, 2024

This Week in Coins: Ethereum and Bitcoin Keep Bleeding as Telegram Drama Continues

Illustration by Mitchell Preffer for Decrypt. There's depressing news for those hoping the price of crypto markets would improve this week. Depressing news for nearly all investors, it would seem.  Bitcoin continued to drop, and hard, this week. Over the past seven days, the price of the asset has descended by more than 9% and—after dipping as low as $52,690 on Friday—rolled into the weekend trading hands for $53,229, according to CoinGecko.  That’s significantly lower than its 2021 record of $...

  • Sep 06, 2024

US Hiring Comes Up Short in Possible Warning Sign for Fed

(Bloomberg) -- Sign up for the Economics Daily newsletter to discover what's driving the global economy.Most Read from BloombergWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationMadrid to Ban E-Scooter Rentals, Following Lead Set in ParisThe Outsized Cost of Expanding US RoadsRome May Start Charging Entry to the Trevi FountainUS hiring fell short of forecasts in August after downward revisions to the prior two months, a devel

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