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5 Signs Bitcoin Bull Run is Coming This September

In a recent X thread, experts at Spot On Chain, the AI-powered on-chain analytics platform, shared insights on why Bitcoin could see a positive September this year. They presented five reasons supporting this notion:

1. Historical Trends: Nearly 43% of negative Augusts have been followed by positive Septembers, indicating a potential rebound for Bitcoin.
2. Reduced Sales by Major Players: The German government, Mt. Gox, and Genesis Trading collectively sold over 170,000 BTC in July and August, hinting at decreased selling pressure.
3. Support from Long-Term Holders: In August, long-term holders increased their supply by 262,000 BTC, bringing their total to 14.82 million BTC, which constitutes 75% of the total supply.
4. Investment Interest in Bitcoin ETFs: A potential new wave of investment could arise from Bitcoin ETFs.
5. Stimulating Factors: Factors such as a potential rate cut by the Fed, FTX’s repayment of $16 billion in cash, and increasing political support for favorable cryptocurrency regulations in the U.S. may further stimulate BTC purchases.

Ripple Unlocks 1 Billion XRP Tokens

According to a recent report by Wu Blockchain, on September 1, Ripple unlocked one billion XRP tokens from the rDqGA…mKxEsF in three separate transactions, valued at over $560 million. This address has been confirmed as an official Ripple address by XRPSCAN and Bithomp explorers. Ripple originally placed 55 billion XRP tokens in escrow wallets in 2017 and began releasing one billion tokens each month to make the supply more predictable. However, the total entering circulation is often less than this amount. Ripple CTO David Schwartz explained that XRP sits in expired escrows until someone cancels it; multiple escrows are often split for administrative convenience.

Major Shiba Inu (SHIB) Game Goes Live on App Store: Details

The Shiba Inu project is now reaching out to iOS users with the release of the game Agent Shiboshi on the App Store. Announced by PlayWithShib via X, iPhone users can immerse themselves in this exciting gameplay after a successful launch on Android. In this game, players assume the role of Agent Shiboshi, tasked with defeating the evil Shadowcats. Players’ aiming and shooting skills are challenged in this action-packed gameplay. The game is available on iOS for devices running iOS 13.0 or later, including iPhones, iPads, and the iPod touch.

This article was originally published on U.Today