The crypto market is once again facing the question: is “Red September” back? Historically, September has been a tough month for cryptocurrencies, with Bitcoin often enduring notable declines as traders rebalance portfolios and liquidity tightens. This year, the opening days of September are marked by heightened volatility and several key developments.

Bitcoin started September at around $110,000, slipping from a mid-August high of $123,000. This pullback coincides with broader market uncertainty: technical indicators show that Bitcoin has breached important support levels and momentum signals are turning bearish. If selling pressure continues, analysts warn that Bitcoin could drop toward the $100,000 mark, especially as risk-off sentiment persists.

Ethereum has also seen a modest decline in the past 24 hours, now trading near $4,300. Although this is below recent highs, Ethereum remains up over 21% for the past month, highlighting its resilience amid short-term turbulence.

Several macroeconomic factors are shaping September’s outlook. The Federal Reserve is expected to cut interest rates, potentially providing a boost to risk assets like crypto. At the same time, institutional investors remain active, with sizable ETF inflows and outflows reflecting a tug-of-war between bullish optimism and bearish caution.

This mixed picture suggests that September may continue to be challenging for crypto, but it could also be a turning point for the market. Traders are closely watching technical levels, policy decisions, and institutional behavior for clues on whether crypto can break the historical pattern of “Red September”—or if a deeper correction lies ahead.

As the month unfolds, the market remains highly reactive to news and data, and the road ahead looks set to be dynamic. Investors should stay alert and monitor fundamental and technical signals before making major decisions as September plays out.