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After experiencing a series of sharp rises and falls in the price of Bitcoin, it has attracted the attention of investors and the general public. So what is the latest situation in the cryptocurrency market? How much is Bitcoin worth?
How much is Bitcoin?
Bitcoin is currently trading at around $59,538. In August, the price of Bitcoin peaked at $63,000, but fell back to $59,000 due to subsequent selling pressure. This decline is believed to be the result of increased market uncertainty and volatility in the cryptocurrency market.
While stocks rose and gold hit new all-time highs, Bitcoin was unable to recover its losses.
While Bitcoin is down about 10% in August, the MSCI World Stock Index is up about 1%. Gold prices hit a new record.
Ethereum, which has been notable for the growth of the DeFi ecosystem and network updates, is trading around $1,895. But it is also affected by overall market trends.
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