Summer Lull, Wake Me up When September Ends By DailyCoin – Investing.com

Summer Lull, Wake Me up When September Ends By DailyCoin – Investing.com

Summer comes with its joys but for cryptocurrencies, investors hold their breaths as they watch the charts hoping that the pendulum swings in their favour. This year, the summer began on a negative note as the bears had their day amid falling cryptocurrency prices.

Things turned around after the recent short squeeze that saw short-sellers cut their losses. Prices shot up again but there is a growing concern that the short squeeze may give way to a summer lull as is the case with the traditional stock market. Yet in the face of all this, several metrics and upcoming events may amplify the bull run till after the end of summer.

The Price Jolt