Bitcoin's Decline Continues for Second Month Despite Grayscale Ruling
The price of Bitcoin (BTC) ended down for the second consecutive month yesterday, despite bullish news that a spot Bitcoin exchange-traded fund (ETF) could be coming soon. For August as a whole, the BTC price ended down...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
For August as a whole, the BTC price ended down just over 11%, from around $29,200 at the beginning of the month to 25,900 at the end of the month....
Read More: Bitcoin's Decline Continues for Second Month Despite Grayscale Ruling
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Why Is XRP Down Today? Bears Target $1.30 Support as Selling Pressure Builds
The downturn has weakened XRP’s short-term technical structure, leaving traders focused on whether buyers can defend nearby suppor...
Ethereum lacks bullish catalyst despite Binance leverage reset: CryptoQuant
The leverage reset enhances market stability, but sustained growth hinges on fresh capital inflows and increased institutional int...
Why Is Crypto Down? Hotter CPI Fuels Fears of Delayed Fed Rate Cuts
Why is crypto down? Bitcoin fell by 4% over 24 hours, while Ethereum lost about 6.5% as hotter U.S. inflation and a technology sel...
XRP Price Prediction: XRP Duo Turn Bullish, $1,000 Dream Lives On
XRP is trading at $1.34, up more than 1% after a brutal Wednesday. Ripple CEO Brad Garlinghouse says XRP has legal clarity despite...
XRP Price Drops, But ETF Defies Crypto Bloodbath as Bitcoin and Ethereum Funds Bleed
US spot XRP ETFs recorded about $740,000 in net inflows even as the coin lost 6% of its price over 24 hours. Bitcoin, Ethereum, So...
Grayscale Opens 3 Crypto Funds on Republic With $2,500 Minimum for Eligible Investors
Key Takeaways: Grayscale has introduced three crypto-investment products to Republic. A minimum investment of $2,500 is required f...