What’s happening this month in the cryptocurrency market? September is historically the worst month for bitcoin. But despite all the upheaval, there will be some pretty exciting developments in the market.
First, the Ethereum 2.0 network upgrade to a Proof-of-Stake (PoS) system could catalyze market growth. If all goes well, experts believe the price of Ethereum will rise above $2,000 by the end of 2022.
Secondly, the SEC has already approved several Bitcoin futures ETFs for trading on major US exchanges. The combination of the Ethereum update headlines and the SEC's approval of a bitcoin spot ETF could shake up the cryptocurrency market in a big way.
Finally, the FOMC will release its latest interest rate decision on September 21st.
Which cryptocurrency will you be following in October?