PANews news on August 20: Bitcoin has rebounded slightly, but overall it remains at a low level, having dropped to a two-and-a-half-week low the previous night. LMAX Group strategist Joel Kruger stated in a report that Bitcoin has been in an 'adjustment mode' since reaching an all-time high last week. He pointed out that this is mainly influenced by U.S. wholesale inflation data being higher than expected, which has weakened market expectations for a rate cut by the Federal Reserve. Kruger also mentioned that part of the sell-off might be related to profit-taking by short-term accounts, and it may also be linked to recent statements by the U.S. Treasury Secretary—that strategic Bitcoin reserves will not be expanded through new purchases.