The biggest crypto currency Bitcoin (BTC) 
$118,426.75July 115 thousand 644 dollars by closing the 16 -year history for the first time in six -digit monthly closing. According to CoNSS data Ethereum (ETH) 
$3,842.37 Although it gained a highly high value of 48.77 percent in July, it started with a decrease of 0.43 percent to August. Analysts evaluate this picture as proof that the market matures. However, historical returns, especially in August, show that both Bitcoin and Ethereum have a high risk of decrease.
Record July Closing in Bitcoin
BTC Markets Analyst to The Block Rachael Lucas“The monthly closure that comes with 115 thousand 644 dollars is not only one figure, but an indication of the increasingly deepened receiver base” he said. According to Lucas, 80 thousand BTC Blockchain in July and the 4 percent decrease in the follow -up of this quickly recovered Crypto Money MarketIt reveals the powerful defense line of institutional demand.
Director of LVRG Research Nick Ruck The current 2 percent of the withdrawal of the Fed’s monetary policy in practice, potential customs duties and spot crypto currency ETF streams are fed without slowing down, he said. Ruck stressed that short -term profit purchases are inevitable, but the foundations still support the long -term rise appearance.
August report card that scares the crypto coins
Coings’s return table covering the dates of 2016-2025, Bitcoin closed August for three consecutive years negatively shows. Accordingly, the largest crypto currency 8.6 percent in 2024, 11.29 percent in 2023, 2022 fell 13.88 percent. The 13.8 percent exceptional rise in 2021 confirms the “Bull Year” effect, while this wavy series indicates that volatility may continue in the new month.
A similar August report card is more harshly visible in Ethereum. Again according to Coings’ data Eth 22.21 percent in August 2024, 11.3 percent in August 2023, 2022 in August 7.33 percent fell. In August 2021, he confirmed the bull year as in Bitcoin with a leap of 35.62 percent.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
