Bitcoin’s Momentum Is Losing Steam as Seasonal Headwinds Loom, 10x Research Says
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Bitcoin (BTC) has been trading in an excruciatingly tight range just below $120,000, but the rally is quickly losing momentum as the market enters what has historically been a soft month for the crypto, a report from 10x Research warned. August has been bitcoin's weakest month over the past decade, with only three positive years and others delivering 5–20% losses, the report noted. The report also flagged a slowdown in capital flows into the Bitcoin network, a key driver of price action this yea...
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