Why the crypto market delivered yet another dud in September

Image Credit : Google

1. Rising interest rates, inflation, and recession fears weighed on the crypto market in September.

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2. Increased regulatory scrutiny of the crypto industry also contributed to the market's weakness.

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3. The lack of institutional adoption of cryptocurrencies is also seen as a factor in the market's sluggish performance.

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4. The overall sentiment in the crypto market remained bearish in September, with many investors hesitant to buy.

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5. Trading volume in the crypto market has been relatively low in recent months, which has also contributed to the market's lackluster performance.

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6. A number of negative news stories, such as the collapse of Celsius Network and Voyager Digital, also weighed on the crypto market in September.

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7. Large crypto investors, known as whales, have also been selling off their holdings in recent months, which has put downward pressure on prices.

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