Mid-Cap Altcoins Barely Survive A Bloody September

Data shows that while September has been a brutal month for most cryptocurrencies, mid-cap altcoins have barely made it through with positive gains. Mid-Cap Altcoins Register Positive Gains Despite Bloody September As per the latest Arcane Research weekly report, the month of September has been quite bad for many cryptos including Bitcoin and Ethereum, but mid-cap altcoins seem to have just barely reached the finish line with overall positive gains. The month has historically been bad for the digital currency market as a whole, and this is the fifth consecutive time that BTC and others have observed negative returns. This September especially has been a rollercoaster ride for the overall crypto market as multiple big events have shaken up the prices throughout the month. First of these was the El Salvador Bitcoin Day, which many expected to bring with it some uptrend, but instead came a market wide crash where both BTC and altcoins saw their prices plunge as investors took to “selling the news.” Another major event was China’s statement regarding crypto transactions being illegal in the country, which lead to another crash. Related Reading | Mid-Cap Altcoins Hold Onto Highs Better Than Bitcoin And Ethereum The month also had news like Bitcoin being added to Twitter’s new tipping function, and the general global economic strain over Evergrande’s possible bankruptcy added into the mix. Here is ...