đ **Crypto News Flash: Bitcoin Faces Monthly Decline Amid Market Highs!** đ
- Bitcoin (BTC) dropped nearly 10% in August, while major indices like Nasdaq 100 rose over 2%, and gold hit a record $2,530.
- Despite a falling US dollar, Bitcoin struggled, even as spot Bitcoin ETFs saw $188M in new assets.
- Concerns over falling liquidity and potential government sell-offs are driving the sell-off. Germany sold its Bitcoin in July; the UK might follow to plug a $22B budget gap.
- Spot and futures volumes were subdued, with DeFi exchanges seeing a drop from $193B to $167B in August.
- Positives: Bitcoin may rebound post-Labor Day, forming bullish hammer and cup & handle patterns.
- Risk: September has historically been weak for Bitcoin.
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