Welcome to the Cointelegraph Markets weekly newsletter, where we look at the influential factors behind Bitcoin price action for the days ahead. A week can make a world of difference in crypto markets, and the last full week of August has done just that — to bulls' detriment. The latest weekly close sealed $2,000 of losses for BTC/USD, adding to $3,000 the week before and squeezing hodlers to levels not seen since July. With practically a whole month's gains now wiped out, the mood is decisively fearful as market participants gear up for September — historically a month of losses. As warnings of a retest of June's $17,600 begin flowing in, the status quo for Bitcoin's correlation with stocks looks set to endure. At the same time, the U.S. dollar is seeing unprecedented gains. With no cues from the United States Federal Reserve due until the middle of next month, Cointelegraph takes a look at the potential BTC price catalysts for the coming days. Continue reading to discover five would-be triggers for Bitcoin volatility as "Septembear" begins. |
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