Market Update - September 21, 2023

Do you remember the twenty-first night of September?

Author

Mark Helfman
September 21, 2023

September’s supposed to be a bad month for crypto. The US stock market is down. The US dollar is up.

Why does Bitcoin’s price keep rising? Already up 2% on the month, along with the overall crypto market.

Let's not lose too much sleep over it. A 2% percent move is meaningless for this market and we know crypto is no longer very correlated with the stock market and the US economy in general.

Today's update will look more deeply into what’s going on with Bitcoin and also talk about altcoins. Topics:

  • Video

  • Projecting forward

  • More ghosts of 2016

  • Stablecoins and miners: a new direction?

  • Altcoins—the big picture

  • Altcoins—quadrant strategy

I strongly advise you to read the summary below and watch the video update! You miss too much when you get only one of them.

To speed up the video (shorten the playing time), tap the circled gear button at the bottom-right corner of the video. A playback speed of 1.5 should do ok for most of you.

Big thanks to my trusted exchange partner, BYDFi.

The market’s quiet and prices are low. If you’re not following my plan, you need to dollar cost average into Bitcoin and get a good allocation to the altcoins I’ve recommended.

And, if you’re buying, it’s important to do so with a licensed and reputable exchange. That’s why I recommend using BYDFi.

In addition to the new super airdrop, when you complete KYC and deposit any amount using your credit card, you'll be airdropped $100 for trading on perpetual contracts.

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