Data: Retail Interest in Bitcoin Peaked Just Before 13% August Flash Crash

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Bitcoin’s price has rebounded following a brief selloff seen earlier today that caused it to dip as low as $11,200 The cryptocurrency’s recent strength has come about due to the confluence of multiple factors that have all been helping to drive it higher It remains roughly $1,000 below its 2020 highs that were set in August, however, and there’s still a plethora of underwater investors Data reveals that retail interest in buying Bitcoin seemed to peak on August 1st, which is just one day before the 13% “flash crash” that sent BTC plunging lower Although it has since recovered from these post-crash lows, it remains down from its highs Bitcoin and the entire crypto market rebounded from their recent lows this morning, signaling that bulls are not ready to surrender the gains that they had amassed throughout the end of last week. The strength seen by the aggregated market over…

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