[Blockchain News] ARK Invest Monthly Report: Bitcoin price fell 8.7% in August to close at $58,972. Failed to break through the 200-day moving average and short-term holder cost basis, which are $63,693 and $63,245 respectively. The current key support levels are $52,000 and $46,000. The 2024 Bitcoin price adjustment is consistent with the historical bull market trend. US spot Bitcoin ETF investors have a cost basis higher than the current price and face losses on average. What do you think? 💬#Bitcoin#Blockchain #ARKInvest