Bitcoin has had a tumultuous start to August. After peaking above $60,000, BTC experienced a significant drop, briefly touching a low of around $49,000. This downturn has impacted Bitcoin’s market dominance, leading to a shift in focus toward altcoins.
Despite a recent rebound that saw Bitcoin’s price recover to approximately $59,358, the cryptocurrency has not yet fully recovered.·
For the full story, head over to TheCurrencyAnalytics.com.