In July, the decline of the Shanghai Stock Exchange and crisis in Greece fueled an early uptrend in the bitcoin market. The price briefly broke $300 before falling back below that key resistance level. Despite ending the month quietly, bitcoin outperformed several major asset classes including oil and gold.
Inside the August itBit Bitcoin Market Report
- July Bitcoin Market Recap: Analysis of the key events that impacted the bitcoin price last month.
- Global Macro Trends Impacting Bitcoin: Closer look at how the Shanghai Stock Exchange crash and US dollar strength are affecting the bitcoin market.
- August Market Forecast: Outlook for August and three things bitcoin traders should keep an eye on this month.
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About itBit’s Bitcoin Market Report
Our monthly itBit Bitcoin Market Report offers bitcoin price and macro trend analysis to help inform your trading decisions. Click here to view the report archive.