Bitcoin (BTC) exhibits subtle bullish potential, trading marginally below $117,000 at the time of writing after pulling back from an intraday high of $117,286.
Bitcoin (BTC) price edges higher toward the $110,000 level on Monday following a weekend characterized by widespread drawdowns. Sentiment in the broader cryptocurrency market remains largely unstable, as investors fear that the downtrend in August may continue into September.
Metaplanet, one of the largest corporate holders of Bitcoin (BTC), plans to raise additional funds to purchase BTC for its steadily growing treasury. The company announced in a press release on Wednesday that the purchase is expected to take place between September and October.