Reported about 2 months ago
Bitcoin has faced significant declines in August, dropping about 10%, while global stocks are rallying back toward record highs. Analysts attribute part of this downturn to the potential sale of seized Bitcoin by the US government, which may exert downward pressure on prices. Contrastingly, the demand for crypto investments appears to be weakening, as reflected by negative funding rates for Bitcoin futures, indicating decreased enthusiasm from traders.
Source: YAHOO