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August: The weakness of success for Bitcoin - historical price decline of an average of seven percent
August: Historically, August is one of the weakest months for Bitcoin. Since the introduction of cryptocurrency, the course has shown a minus of around seven percent during this period in the median. This tendency could be attributed to various factors that occur in summer, including lower commercial volumes and seasonal trends ...
August: The weakness of success for Bitcoin - historical price decline of an average of seven percent
August: A weak month for Bitcoin
Historically, August is one of the weakest months for Bitcoin. Since the introduction of cryptocurrency, the course has shown a minus of around seven percent during this period in the median. This tendency could be attributed to various factors that occur in summer, including lower commercial volumes and seasonal trends among investors.The analysis of price development in August offers valuable insights for investors and market observers, especially with regard to possible future trends and price movements. It remains to be seen how this trend will develop in the coming years.