• 34ºc, Sunny

Bitcoin fell 8.6% in August, hitting a two-week low in September

Data from Cointelegraph Markets Pro and TradingView showed weakness in the price of BTC, which hit a low of $57,230 on Bitstamp - a level last seen on August 16. As the weekend approached, poor liquidity led to a dismal monthly close, with buyers unable to prevent further losses. Therefore, according to data from monitoring resource CoinGlass, Bitcoin fell by 8.6% in August, below its average gain of 1.75%. Its data also shows that September was a historically underperforming month for BTC/USD, with an average total loss of 4.5%.