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Bitcoin marks monthly low 📉
The price of BTC is below $54,000, already down 5% over the past 24 hours.
Ryan Ozawa
September 06, 2024
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The price of Bitcoin sagged further on Friday, following disappointing U.S. labor market metrics—fewer new jobs were created than expected. BTC has set a new low for the past month, and is now trading at $53,569—8% lower than a week ago.
Ethereum has seen steeper losses, with ETH trading down 10% over seven days at $2,234 as of writing. Ethereum spot ETFs have certainly been bleeding cash compared to their Bitcoin counterparts… but JP Morgan says making comparisons to a “store of value” cryptocurrency misses the mark.
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“Comparing the magnitude of the ETH flows with its BTC counterparts is somewhat like comparing apples to oranges.”
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