Bitcoin's value has descended to levels comparable to those witnessed in June
The BTC price crash on August 17 can be attributed to three main factors. First a news report from the Wall Street Journal disclosed that Elon Musk’s SpaceX.
Crypto traders observed a crucial on-chain data point indicating that US institutional investors were capitalizing on the price dip.
BTC might experience a moderate rebound due to well-off institutional companies and traders from the US who aim to prevent additional sell-offs.
August 2023 was a challenging month for Bitcoin, marked by a significant price drop. The resultant impact on traders and market sentiment.