1. Analyst: The value of BTC may only see a significant increase after the U.S. presidential election. 2. Bitcoin miners face the toughest month in 2024

JIN10
2024.09.02 02:40
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Analysts believe that after the US presidential election, the value of Bitcoin (BTC) may significantly increase, but miners will face the most difficult month in 2024. In August, Bitcoin's returns hit a new low for the year, dropping by 8.6%, and may fall below $56,000 to enter a bear market. Additionally, Singapore ranks first in the global cryptocurrency adoption index, reflecting the strong position of Asian countries in the crypto field

  1. Analyst: The value of BTC may only see a significant increase after the U.S. election.

  2. Bitcoin miners face the toughest month in 2024: August revenue hits a new low for the year.

  3. In the past 10 years, Bitcoin has only shown an upward trend in September for 3 years.

  4. Analyst: If BTC falls below $56,000, it may re-enter a bear market phase.

  5. Bitcoin fell by 8.6% in August, hitting a two-week low in September.

  6. Report: Singapore tops the global cryptocurrency adoption index, with five Asian countries in the top ten.

  7. Analysis: Bitcoin has not yet broken through the key resistance level, short-term holders' behavior may determine the trend.

  8. Cryptocurrency losses in August dropped to a historical low of $15 million.

  9. Bitcoin on-chain NFT sales in August were only about $60 million, hitting the lowest level since November 2023.

  10. Russia allows the use of cryptocurrencies for international trade starting from September 1st.

  11. Spot Bitcoin ETF saw a total net outflow of about $94 million in August.

  12. Bitcoin's hash rate has stabilized at a historical high after halving, with strong miner confidence.

  13. Analysis: Momentum indicators for Bitcoin exchange trading volumes show a continuous decline in on-chain activities related to exchanges.

  14. Australia's Independent Reserve will enhance anti-fraud measures for elderly cryptocurrency users

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