Bitcoin-Focused FinTech Firm NYDIG on Bitcoin’s Seasonality, Spot ETF Outflows, and Market Cycles

On 9 September 2024, Greg Cipolaro, Global Head of Research at New York Digital Investment Group (NYDIG), shared an update on the state of the Bitcoin market. According to NYDIG, August was a tough month for Bitcoin, with returns falling 9.8%. Cipolaro highlighted that August has historically been a weak month for Bitcoin, with an