Bitcoin: Third-Best August Since 2017
Bitcoin posts 25% August gain adding $350B market cap with $2.25B ETF inflows, its strongest month since 2017 as price holds $80270.
SourceAnalysis
Bitcoin delivered its third-best August on record with a 25% surge that added roughly $350 billion to total market cap in nine days, the strongest performance since 2017.
Spot Bitcoin ETFs recorded nearly $2.25 billion in inflows over six days, the largest since October, even as seven trading days remain in the month.
Price action at $80270.26 tests upper Bollinger resistance at $80193.03 while RSI(14) sits at 74.04 in overbought territory and MACD shows a death cross; with the 50-EMA at $73657.58 acting as the next concrete support, a measured pullback toward that level appears likely before any extension higher.
Kashif Raza
@simplykashifThis personal account shares perspectives on technology startups and digital innovation, with content spanning AI advancements, software development trends, and entrepreneurial strategies for building tech-focused businesses.
Premium Sponsors
.jpg)