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What new Bitcoin will be released on August 1st (Bitcoin Market in August)

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What new Bitcoin will be released on August 1st? According to CoinTelegraph repo

What new Bitcoin will be released on August 1st (Bitcoin Market in August)

What new Bitcoin will be released on August 1st? According to CoinTelegraph reports, a new Bitcoin will be released on August 1st. According to the report from cointelegragh, this “new Bitcoin that appeared in early August” is a brand-new digital asset product launched by cryptocurrency analysts, miners, and exchange developers WladimirvanderLaan in December 2017. The new Bitcoin is generated and distributed by an algorithm called “SBTC” (Special Purpose Token). Since then, it has been in existence until mid-October 2018 when it was mined, and it has been in circulation since the first quarter of 2019. However, it is not possible to determine whether this token will be used for transaction fees due to its mechanism being similar to the previous one.

Bitcoin Market in August

According to data, the current global average price of Bitcoin is $9660, with a 24-hour decrease of 4.81%. After experiencing a surge on June 27th, the price has fallen to around $9200, and the overall trend is in a state of oscillation. According to the analysis of BTC market in August, from the 1-hour chart, the price of Bitcoin has shown a peak and valley trend since the end of July, and then started to decline. A brief rebound occurred at the beginning of August, but ultimately failed to break through the support level of $10800. This means that the next high point in the Bitcoin market will appear in mid-August, which will trigger a significant increase.

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