Yesterday(8/31 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $19803, its lowest as $19791, its highest as $20477, its closing as $20032. Bitcoin hit a low right after the start of Wednesday and started rebounding thereafter, reaching a high at 06:00 and then moving up and down around $20k, closing 1.2% up.
Looking at the 4hr chart, a sideways movement continues in the section centered on $20k, to break this range, an increase in trading volume due to a big event is required. On the other hand, btc dominance is testing the 40% support level, which is often the case for the price to rise without breaking it.
During August, Bitcoin fell -14.0% and the dominance fell from 41.9 to 40. On the other hand, Ethereum declined by -7.5% for a month, showing a smaller drop rate compared to Bitcoin, and served as the leader of the crypto market, rising by 100!] from the low in July in anticipation of a merge upgrade.
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