Historically, September has always been a challenging month for crypto – not to mention the financial markets in general – and although many thought we might have gotten away with it this year, a potent mix of US regulation FUD in addition to the Evergrande knock-on effect all played a part in spilling the blood. The market opened the month in the green before a crash on 7 September caused BTC to drop $8,000 in a single one hour candle. There were green moves up again until China, with spanner in hand, readied to throw it in the works….again. Conversely, EVAI continues to buck the downward trend, staying resolute and ready for its next move up! October is gearing up to be a huge month here in Dubai with the launch of Expo 2020 and Gulf Blockchain Week. We already have several exciting events and opportunities lined up – of course we have – we’re Evai!
![](https://insights.evai.io/wp-content/uploads/2022/01/evai-newsletter-september-2021.jpg)