Even though bitcoin has bounced from earlier in the European day, it’s still up less than 1% in the past 24 hours. With the end of August in touching distance, the largest cryptocurrency seems set to close the month in the red, as it has done for the past three years.

Still, that’s the best August return since 2021, and there are signs in the options market that gains may be coming before the month-end expiry.

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Author: James Van Straten

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