Data from Cointelegraph Markets Pro and TradingView showed weakness in the price of BTC, which hit a low of $57,230 on Bitstamp - a level last seen on August 16.
As the weekend approached, poor liquidity led to a dismal monthly close, with buyers unable to prevent further losses.
Therefore, according to data from monitoring resource CoinGlass, Bitcoin fell by 8.6% in August, below its average gain of 1.75%. Its data also shows that September was a historically underperforming month for BTC/USD, with an average total loss of 4.5%.
Bitcoin fell 8.6% in August, hitting a two-week low in September
2024-09-01 16:52:15
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