📉 The price of BTC has fallen below $110,000 for the first time in the last seven weeks. At the time of publication, Bitcoin is trading at $109,865 — the lowest value since July 9.
The decline occurred after a brief increase on August 22, when Fed Chair Jerome Powell hinted at a possible easing of monetary policy in September.
Additional uncertainty was caused by reports of a sale of 24,000 BTC by one of the major players, which triggered a wave of liquidations in the derivatives market.
