Bitcoin at $40,000: Is a September crash imminent?

The Bitcoin price is currently at 58,000 US dollars. Last month, Bitcoin moved largely sideways with volatile trading days. But the world's most valuable cryptocurrency is already 15,000 US dollars away from its all-time high. BTC reached this for the first time before the halving. But September brings historically blood-red trading days for Bitcoin.

Bitcoin Crash & Liquidity Crisis: This Could Happen Now

An important factor for the crypto market is liquidity, which could shrink significantly in September 2024, according to one analyst. The US Federal Reserve's liquidity threat could be in the range of $300 to $500 billion. This shortage may then have an impact on Bitcoin and other cryptocurrencies, as they often correlate positively with the availability of capital. If liquidity drops, it is harder to trade assets quickly.

Two main causes for the expected liquidity shortage are high tax payments by US companies on September 16 and the so-called window dressing by banks at the end of the quarter. According to the analyst, both factors are withdrawing capital from the market.

Meanwhile, analyst Michaël van de Poppe states that the crypto market is currently in a correction phase. Accordingly, the hoped-for upward movement for Bitcoin has not yet materialized. Van de Poppe now assumes that Bitcoin could initially fall further before a trend reversal sets in. The analyst sees price targets of 53,000 US dollars, possibly even 49,000 US dollars, as possible. The downward correction movement could therefore continue.

September: Worse prospects for Bitcoin

Historically, September has been a rather weak month for Bitcoin, with an average loss of over 4 percent. Overall, losses this month amount to around 66 percent. In contrast, October and November are among the strongest months for Bitcoin. In October, the cryptocurrency gained an average of 26.9 percent, while November even saw an increase of 36.10 percent. April is also one of the positive months.

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Crypto Tip: $12 million Pepe Unchained builds Meme Layer 2

A bullish October and a rising Bitcoin price could also significantly improve the momentum for altcoins. As soon as Bitcoin gains momentum, smaller cryptocurrencies will also benefit, as investors increasingly shift capital into altcoins, which should also boost their prices.

Despite the current weakness in the crypto market, Pepe Unchained is making significant progress and has already raised around $12 million in capital. This reflects investors' confidence in the project's potential. Meme coins will remain an important part of the crypto sector in 2024. But Pepe Unchained goes beyond that by not only focusing on the fun factor but also offering practical solutions.

To the Pepe Unchained Presale

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A key focus of the project is scaling Ethereum through Layer 2 solutions to relieve the overloaded main blockchain. These technologies enable faster and cheaper transactions by performing some of the data processing outside of the Layer 1 level. Pepe Unchained uses this technology to make trading meme coins more efficient. The project will thus optimize both speed and costs and offer users a better experience. The focus is clearly on crypto memes.

In addition to the PEPU token, Pepe Unchained is also intended to create a comprehensive ecosystem for meme coins. The pre-sale of the PEPU token is currently underway. Investors only have a limited time to purchase it. The price will be raised in the next 24 hours.

Anyone who wants to buy PEPU visits the website, connects the wallet and then exchanges ETH/BNB/USDT for PEPU. The native tokens can then be staked immediately for around 170 percent APY.

To the Pepe Unchained Presale

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