In August, Bitcoin increased in value by 28%, according to epravda.com.ua. Over the past seven days, the cryptocurrency has grown by 24.47%, according to cryptonews.net.
The total market capitalization of Bitcoin reached $1.59 trillion, with a 24-hour trading volume of $46.85 billion, cryptonews.net reports. However, Bitcoin remains approximately 43% below its all-time high set in October, unn.ua reports.
Bitfinex analysts note that for Bitcoin to break the $80,000 mark and reach the $86,500 level, strong spot demand is needed, news.bitcoin.com writes. Over the past 24 hours, the total amount of liquidations in the cryptocurrency market reached $376.19 million, of which $218.86 million were short positions, according to cryptonews.net.
