📈 BTC News: August is gloomy but could be a strategic bottom for Bitcoin!

- ETC Group: Crypto market sentiment has fallen sharply since FTX, but expectations of loose monetary policy in the US could create favorable conditions for BTC.

- Fed Chairman Jerome Powell hints at upcoming rate cuts, boosting BTC and other crypto assets.

- Current BTC price: $58,385, down nearly 5% in the past 30 days but still up 31% in 2024.

💬 What do you think about BTC's outlook? Comment now!#Bitcoin#Crypto#Finance#Blockchain