Coinbase Research: Strengthening dollar undermines bitcoin’s position

Bitcoin traders’ activity in August fell to the lowest level since the end of 2020. Most exchange users refrain from entering the market and prefer the role of ordinary observers.
The BTC exchange rate fell to $29,040 on Monday, August 7. The capitalization of the digital currency fell by more than 2% to $564.899 billion over the weekend.
Leading altcoins ether (ETH) and Binance Coin (BNB) fell in price during the European session to $1832 and $241.7, respectively.

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