Bitcoin Defies Pressure Above $79.0K After Nearly 25% August Rally

Bitcoin Rally Signals Broader Crypto Recovery, Not Regrets

Crypto’s mood has been getting dragged lower for months, even as market prices have started to rebound. In August, Bitcoin posted a strong monthly performance—reported as its best August in years—with returns cited at 26%, while Ethereum gained 34%. The renewed attention has also spilled into mainstream political moments, including President Trump’s comments at the [...]

Bitcoin Price Gains 25% in August as Short Squeeze Fuels Rally

The post Bitcoin Price Gains 25% in August as Short Squeeze Fuels Rally appeared first on Coinpedia Fintech News Bitcoin rose 25.1% in August, climbing from $62,794 to $78,545 and recording its third-best August performance. The rally was fueled partly by a major short squeeze, with $5.8 billion in liquidations from August 17-21. August 19 saw a record $2.7 billion in short liquidations, while total monthly liquidations reached $12.65 billion. B…

Bitcoin Defies Pressure Above $79.0K After Nearly 25% August Rally

TL;DR: Bitcoin recorded a cumulative gain of nearly 25% throughout the month of August. Spot trading volume surpassed $34 billion over the past 24 hours. Short position liquidations on major exchanges reached $180 million over the past week. The cryptocurrency market begins its monthly close as...