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⚡️ #Bitcoin# and Ether are demonstrating increased volatility in August.
Bitcoin is consolidating below $120,000, holding around $117,800 after a brief drop to $116,500. Exchange flows showed a BTC outflow of over $47 million, indicating profit-taking. Despite the correction, the derivatives market shows strength: open interest in futures surpassed $82 billion, and options indicate long-term optimism.
✅ Ethereum has decreased by almost 10% to $4,470, but institutional funds continue to actively accumulate the asset, ensuring an inflow of $2.8 billion over the week.
Analysts note that August and September will be key months for determining the future trend of the cryptocurrency market.
Bitcoin price predictions have become the focus of discussion among investors and analysts, especially as the Crypto Assets market continues to experience significant fluctuations. Just this week, Galaxy Digital CEO Mike Novogratz drew attention with his comments on Bitcoin's potential to reach an astonishing one million dollars.