Reported about 1 month ago
As August comes to a close, Bitcoin struggles with declining liquidity and concerns that governments and creditors may sell significant amounts from their holdings. Research indicates that the US, China, UK, and Ukraine possess substantial Bitcoin reserves, amounting to a combined potential supply overhang of $33 billion. This uncertainty, coupled with decreased trading volumes in the market, has contributed to an approximate 8% drop in Bitcoin's value this month.
Source: YAHOO