The currency” bitcoin ” records the second monthly losses in a row

The cryptocurrency “bitcoin” suffered its second monthly loss in a row last August, after an estimated decline of more than 10% over the past four weeks.

The losses for the cryptocurrency came simultaneously with the decline of the largest cryptocurrency in terms of market capitalization, according to a sell-off that occurred in the stock and bond markets, where the digital currency traded during yesterday’s Friday session, at levels of 25 thousand dollars.

Bitcoin did not react adequately to the judicial victory achieved by the company “Grayscale”, which contributes to the issuance of the first bitcoin exchange-traded fund, after the digital currency failed to find solid ground this summer, and achieved gains estimated at about 80% in the first half of this year.

Despite the losses of digital currencies during the past July and August, bitcoin has risen by up to 54% since the beginning of this year, and bitcoin was not the only cryptocurrency that suffered losses last month, as both Ethereum and Dogecoin also witnessed major sales, as published by the CNBC economic website.