Today, Bitcoin price experienced a sharp decline. Bitcoin fell around 8-14%, reaching around $54,000, after previously trading above $63,000. The decline was triggered by several factors, including a decline in the altcoin market, broader market sentiment, and investor concerns related to global economic uncertainty.

Nevertheless, some analysts are still optimistic that September could be a strong month for Bitcoin, especially if economic data from the US supports the possibility of an interest rate cut, which could increase the money supply and support the price of the digital asset. They also noted that despite the slow start to the month, there is a chance for Bitcoin to recover and even reach higher prices towards the end of September or October.

However, investors need to be careful because volatility is still very high, and the potential for further declines cannot be ignored.

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