Why is Bitcoin value down at present?

The bullish momentum that propelled to a 56.4% year-to-date achieve 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 the US Securities and Trade Fee (SEC), however these features 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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