During August 2021, the recovery and revaluation behavior of cryptocurrencies was maintained, which started last July (after the unfavorable corrections they had during May and June). Although in the first days of August, a slight downward trend could be observed, after that stage, a “recovery” could be seen where cryptocurrencies began an upward direction to close the month of August positively.

Next, we will summarize the leading indicators of Bitcoin, Ethereum, and Dash for August 2021: prices and market capitalization.

Bitcoin price August 2021

August 1 US $ 42,101
August 31 US $ 47,014

Bitcoin price August 2021. Source: coinmarketcap.com

Bitcoin market capitalization August 2021

August 1 US $ 790.36B
August 31 US $ 884.02B

Bitcoin market capitalization August 2021. Source: coinmarketcap.com

Bitcoin analysis August 2021

During August, there was a total increase in the price and market capitalization of Bitcoin of +11.67% and +11.85%, respectively; four outstanding stages can be seen during the month, the first stage occurred in the first days (of the August 1 to 5), where you can see a slight decrease, then came a second stage (from August 6 to 19) where you can see growth with slight fluctuations, later in a third stage (from 20 to August 25) another significant increase was generated, reaching the maximum value of the month on August 23, after a fourth stage began, from August 27 to the end of the month, where small oscillations were generated with a slight trend down in the last two days. As we can see, the outlook for the price of Bitcoin in August (+11.67%) was favorable, but it was lower than the value it had in July (+23.80%) or if we compare it with the increase in August Ethereum (+31.31%) and Dash (+29.41%).

Ethereum price August 2021

August 1 US $ 2,622
August 31 US $ 3,443

Ethereum price August 2021. Source: coinmarketcap.com

Ethereum market capitalization August 2021

August 1 US $ 306.68B
August 31 US $ 404.02B

Ethereum market capitalization August 2021. Source: coinmarketcap.com

Ethereum analysis August 2021

During August, there was a total increase in the price and market capitalization of Ethereum by +31.31% and +31.74%, respectively; four outstanding stages can be seen during the month, the first stage occurred in the first days (of August 1 to 3), which was downward, then came a second stage, where significant oscillations with a marked upward trend can be seen (this stage occurred from August 4 to 10). A third stage began (from August 11 to 28) where different marked oscillations are appreciated but remain within the average range, then came the fourth stage (from August 29 to 31), where considerable growth can be appreciated, reaching the maximum value of the month on August 31. It is important to note that the outlook for the Ethereum price in August (+31.31%) was more favorable, especially if we compare it with its previous value in July (+18.47%), and equally advantageous if we compare it with the August price of Bitcoin (+11.67%) and Dash (+29.41%).

Dash price August 2021

August 1 US $ 170
August 31 US $ 220

Dash price August 2021. Source: coinmarketcap.com

Dash market capitalization August 2021

August 1 US $ 1.75B
August 31 US $ 2.28B

Dash market capitalization August 2021. Source: coinmarketcap.com

Dash Analysis August 2021

During August, there was a total increase in the price and market capitalization of Dash by +29.41% and +30.28% respectively, three outstanding stages can be seen during the month, the first stage occurred from August 1 to 9, where there were slight oscillations, but maintaining the average price, then came a second stage (from August 10 to 22) in which a constant growth can be appreciated, reaching its maximum point on August 22 (the day on which produces a very marked peak), then came a third stage (from August 23 to 31) in which a decline with a tendency to stabilization can be seen. It is important to note that the outlook for the Dash price in August (+29.41%) was more favorable, especially if we compare it with its previous value in July (+21.58%), it was also more advantageous if We reached it to the August price of Bitcoin (+11.67%), but it was slightly less favorable when compared to the August price of Ethereum (+31.31%).

What do you think about this data? Do you think these trends continue?

If you want to know more about Mercury Cash, you can contact us or write your query below (comments section).

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