It's Labor Day, the official end of summer, which makes it the perfect time to look back at the markets. And you could say that bitcoin took the summer off — except June happened. Bitcoin opened June trading at about $31.8K, which means bitcoin’s price fell about 33% in the summer. To test the idea that “nothing happens in finance in the summer,” you could compare bitcoin’s summer to the S&P 500’s, which has lost about 4.3% since June (maybe things do happen in finance in the summer). But an interesting fact pattern appears when looking at these summers: Bitcoin hadn’t had a negative summer since 2018 and the S&P 500 hadn’t had one since 2015. We explain what happened and what it means, looking forward to the fall, at the link in bio. #crypto #btc #markets #cryptomarkets