In this video Benjamin talks about: Bitcoin Stalls at the 50 Week Moving Average. Video by Benjamin Cowen.
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Bitcoin (BTC) is trading at approximately $77,770, down roughly 0.43% over the last 24 hours, but maintaining its footing after an explosive monthly performance. Despite cooling off from last week's three-month high of $81,455, Bitcoin has successfully locked in a ~24% gain for August, marking its strongest August performance since 2017.
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-Macro Pressure: Hawkish remarks from Fed Chair Kevin Warsh at Jackson Hole raised expectations for restrictive monetary policy, lifting Treasury yields and the U.S. dollar.
-Geopolitical Tensions: Recent clashes in the Middle East have driven up oil prices, adding broad pressure to global risk assets.
-Prediction Markets: Odds on platforms like Robinhood heavily favored Bitcoin holding above $77,400 heading into the final August sessions.
-Institutional Context: Corporate holders like Strategy continue to manage massive reserves near an average cost basis of $75,385, keeping market focus on potential accumulation versus correction risks.
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