Bitcoin Traders Eye Upside as BTC Price Holds Above $110K: Crypto Daybook Americas
By James Van Straten (All times ET unless indicated otherwise)
As August draws toward a close, bitcoin bulls may welcome the end of a modest pullback, with the largest cryptocurrency down around 4% for the month and 12% off its all-time high of $124,500.
For now, it’s little changed around $110,580, up less than 0.5% over 24 hours while ether (ETH) has added 3.4%. The CoinDesk 20 index, a measure of the broader market, rose 2.7% in the same period.
A negative end to August would halt a streak of four consecutive green months, the longest run since March last year. Encouragingly, August has held up better than in the past three years, and September should bring a pickup in trading activity as the holiday season winds…
