Bitcoin concluded August 2025 with a 6% decline, ending a five-month winning streak, as investors turned their attention to Ethereum. On August 31, Bitcoin's price settled around $108,800, down 1% intraday, after reaching a high of $124,500 earlier in the month. In contrast, Ethereum surged 25% in August, bolstered by strategic reserves from companies like Sharplink Gaming.
Market participants are closely watching Michael Saylor, who has hinted at potential Bitcoin purchases that could sway market sentiment. Technical analysis indicates Bitcoin is currently oversold, with support at $108,000 and resistance at $114,384. Additionally, speculative interest in tokens such as Maxi Doge is on the rise, reflecting broader market dynamics.
Bitcoin Ends August with 6% Loss as Focus Shifts to Ethereum
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