Bitcoin Faces Historically Weak September Amid Renewed Rate-Hike Concerns

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Bitcoin is entering September, a month that has historically delivered poor returns for the cryptocurrency. The combination of seasonal weakness and renewed fears of interest rate hikes is putting pressure on the asset. Risk assets broadly tend to underperform during this period, and bitcoin is no exception to that trend. Traders and analysts are cautioning that the ongoing rally could face significant headwinds in the weeks ahead.

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