August and September haven’t been nice months for crypto traders, however that’s not essentially a foul factor as a result of markets want a wholesome breather once in a while. Bitcoin (BTC), the biggest cryptocurrency based mostly on market capitalization, was down about 6.5% in August, and up to now in September has regained solely about 3.14% of that drop.
A fast take a look at the BTC value chart beneath exhibits that the value of BTC has hovered across the $110,000 mark (all figures in US {dollars} until in any other case specified)—plus or minus 10% since Could 2025. This can be a consolidation, which signifies that in the interim, neither the bulls nor the bears are apparent winners.
Supply: Google Finance as of Sept. 25, 2025
August and September are sometimes down months for BTC
Though months of flat buying and selling might be irritating for traders, it’s not extraordinary and there’s historic precedent for August and September sometimes being dangerous for BTC.
Of the 13 situations since 2013—as a result of that’s when we’ve got dependable public knowledge on BTC value actions from—August has been pink 9 instances (together with 2025) and September has been pink eight instances till 2024. On common, BTC’s August return over time has been 1.12% and September’s has been -3.24%. On common, BTC’s greatest months have been October (up 21.89%) and November (up 46.02%).
The next desk lays out BTC’s month-to-month return by means of the years. See the underside two rows for common (and median) returns in every calendar month.
Supply: Coinglass.com as of Sept. 25, 2025
No one can predict the market precisely based mostly on such historic knowledge, so what can crypto traders study from this? In case you’re bullish on BTC, ethereum (ETH)and different cryptocurrencies, it often pays to stay invested—particularly by means of October and November—regardless of the historic bearishness of August and September.
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Is altcoin season over?
Altcoin season refers back to the section of the crypto market through which different cash (these aside from BTC) outperform BTC itself in value appreciation. Sometimes, altcoin season seems on the finish of a bull market cycle—the section we’re most likely in proper now. I’ve written about altcoin season in an earlier version of this column a number of months in the pastonce I flagged the opportunity of ETH and different cryptocurrencies outperforming BTC within the second half of 2025.
Because the chart beneath exhibits, we’re in altcoin season based mostly on the CMC Altcoin Season Index. This index tracks the efficiency of altcoins relative to BTC over 90 days and assigns a rating of 0 to 100, with a rating over 70 indicating the outperformance of altcoins relative to BTC.
Supply: Coinmarketcap.com as of Sept. 25, 2025
The race for altcoin ETFs is on
The race for altcoin ETFs within the US is on. Whereas altcoin ETFs are already accessible to Canadian traders, we’re about to see a rush of latest altcoin ETFs being launched within the US within the coming months.
Just lately, on Sept. 25, 2025, the Hashdex Nasdaq Crypto Index ETF introduced that they’ll increase their crypto ETF holdings to incorporate XRP, SOL, and Stellar (XLM). The inclusion of those altcoins will create the primary really multi-crypto ETF within the US. This can be a signal of issues to return.
Whereas 2024 was the 12 months for BTC ETFs, 2025 is the 12 months for ETH and different altcoin ETFs. We may see a slew of altcoin ETFs being launched within the US on account of the streamlining of itemizing guidelines by the US Securities and Alternate Fee (SEC). As reported by Reutersthese streamlined SEC itemizing guidelines (relevant to crypto ETFs), would cut back the approximate itemizing time from about 240 days to simply 70 days.
Canadian traders trying to find a multi-crypto ETF with publicity to BTC and altcoins can contemplate these two ETFs—each of which commerce on the Toronto Inventory Alternate (TSX).
| ETF identify | Ticker image | Alternate | Foreign money choices | Portfolio | Web property | MER |
|---|---|---|---|---|---|---|
| Evolve Cryptocurrencies ETF | ETC | Toronto Inventory Alternate (TSX) | CAD and USD | BTC (74.1%)ETH (14.6%)XRP (7%)SOL (4.2%) | $84.31 million (CAD) | MERs of underlying funds relevant* |
| CI Galaxy Multi-Crypto Navigator ETF | CMCX | Toronto Inventory Alternate (TSX) | CAD and USD | ETH (35.6%)SOL (23.5%)BTC (10.5)Money and equivalents (30.3%) | $5.54 million (CAD) | 1.04% |
Supply: Knowledge for every ETF was gathered from the ETFs’ respective web sites as of Sept. 25, 2025
Crypto value swings are widespread
Cryptocurrencies together with BTC, ETH, XRP, SOL, XLM, and others are speculative and stay extremely unstable property topic to vital value swings. Even stablecoinsthat are seemingly “protected,” could also be dangerous if not adequately backed by real-world property.
