Traditional and crypto markets saw a major fall in September as macroeconomic conditions continued their bearish sentiment. The total market capitalization for the four assets tracked has fallen 6.43% this month, reflecting the risk-averseness of the market.
September Highlights
- BTC remains the least volatile asset and the most dominant across major cryptocurrencies. In September, BTC outperformed both the S&P500 and NASDAQ which saw negative returns of 9.34% and 10.5% respectively, its second month of negative returns in a row.
- ETH was the worst performer in September after the long-waited Merge proved to be a ‘buy the rumor, sell the news’ event.