Why is Bitcoin value down as we speak?

The bullish momentum that propelled to a 56.4% year-to-date acquire has all however vanished, because the Bitcoin value misplaced 13% to shut out the month of August. Bitcoin’s value seemingly had bullish momentum after the Grayscale courtroom victory in opposition to america Securities and Change Fee (SEC), however these positive factors have evaporated.

The contraction in Bitcoin’s (BTC) value has some analysts evaluating the present BTC market to the pre-bull market cycle of 2015-2017.

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