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Expert: September's cryptocurrency seasonality will be short

Source: CoinWorld
Despite the cryptocurrency market sluggish in September, Derive’s Sean Dawson expects the cryptocurrency market to rebound by the end of the year given the support of macro trends and options data. Bitcoin and Ethereum rose 6% and 4% respectively this month, breaking historical bearish trends. Market expectations are expected that by December, driven by the rising possibility of the Fed's interest rate cut, the probability of Bitcoin reaching $125,000 is 37%, and the probability of Ethereum exceeding $5,000 is 40%.
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