#gliterblack
gliterblack
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Bitcoin in August 2026: Still in a rough patch 📉*
*Current price*: ∼$64,000 - $65,200
*2026 so far*: Down over 20% YTD and ∼26% from the Oct 2025 peak near $126,200
*What’s driving it:*
1. *Geopolitics*: Iran war uncertainty + Strait of Hormuz talks keeping risk sentiment cautious
2. *Fed bets*: Weak July jobs data (-23k payrolls) dampened rate hike expectations, giving BTC a small boost
3. *Institutional moves*: Strategy sold 1,638 $BTC for $104.7M last week, and ETF flows have been uneven
4. *Security scare*: $89M exploit on Coldcard wallets in late July added pressure
Analysts say August is historically Bitcoin’s weakest month with median return around -6.99%. Key level to watch: breaking $64,000 with stronger ETF + spot demand
Still a long way from the $120K+ highs of late 2025
#bitcoin #crypto #Markets #gliterblack
*Current price*: ∼$64,000 - $65,200
*2026 so far*: Down over 20% YTD and ∼26% from the Oct 2025 peak near $126,200
*What’s driving it:*
1. *Geopolitics*: Iran war uncertainty + Strait of Hormuz talks keeping risk sentiment cautious
2. *Fed bets*: Weak July jobs data (-23k payrolls) dampened rate hike expectations, giving BTC a small boost
3. *Institutional moves*: Strategy sold 1,638 $BTC for $104.7M last week, and ETF flows have been uneven
4. *Security scare*: $89M exploit on Coldcard wallets in late July added pressure
Analysts say August is historically Bitcoin’s weakest month with median return around -6.99%. Key level to watch: breaking $64,000 with stronger ETF + spot demand
Still a long way from the $120K+ highs of late 2025
#bitcoin #crypto #Markets #gliterblack
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