The string of outflows took place alongside a tumble in the price of bitcoin (BTC) during late August and into early September amid uncertainty about the direction of global markets the U.S. presidential election and the upcoming Fed decision on interest rates. For the month of August, bitcoin fell 9% and it plunged even further during the first week in September. The price has rebounded a bit since, returning to $60,000 Tuesday morning for the first time since late last month.
Volatility Expected in Bitcoin Later Today as US Headline Inflation Data Is Expected to Tick Higher: Van Straten
November 13, 2024
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