Latest Market Overview 26th Aug: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
The Bitcoin market and altcoins are experiencing some profit-taking today, though the overall upward trend remains intact. Bitcoin has rebounded strongly from its August low of $49,000. However, historical data suggests that the recovery might not continue through September. According to CoinGlass, Bitcoin has averaged a 4.78% decline in September since 2013. Over the past seven years, Bitcoin has seen a positive monthly return only in 2023. However, investor interest in Bitcoin-related exchange-traded products (ETPs) remains strong. CoinShares’ latest report indicates that Bitcoin-related ETPs attracted $543 million in inflows last week. Daily cryptocurrency market performance. Source: Coin360 The Bitcoin market has largely been stuck inside the $55,724 to $73,777 range for several months, indicating a tough battle between the bulls and the bears for supremacy. The longer the time spent inside the range, the greater the force needed for the price to ...