Crypto

Bitcoin up 25 percent in August faces September test as \'Red September\' jinx looms

Bitcoin is again confronting statistics showing September as its weakest month, having closed lower in 8 of the past 13 Septembers since 2013. The average September return was minus 2.97 percent, with a median of minus 2.44 percent, while October has been the strongest month. Analysts also point to U.S. equity seasonality, Fed rate expectations and support and resistance levels as key factors as bitcoin trades around $77,500.

Crypto

XRP could fall to $1, analyst sees long-term targets of $15, $27, $50

XRP may need to extend its decline and retest the 300-week moving average before entering the next upswing, a market analyst said. If the current correction continues, XRP could fall to $1.00 to $1.10, near the 300-week moving average around $1.03. The analyst pointed to past cycles in which XRP retested the level amid fear or major headlines, then recovered. Long-term targets were set at $15, $27 and $50.