Investing.com– Bitcoin’s price edged higher Monday, rebounding after a weak August in thin holiday-impacted trading.
At 09:30 ET (13:30 GMT), rose 0.1% to $58,415.0, after having dropped over 7% last week and a steep decline in August as a whole.
Volumes have been light Monday with the U.S. on holiday, celebrating Labor Day.
Bitcoin attempts comeback after August losses
The world’s biggest cryptocurrency was nursing a steep decline in August, as a broader risk-off move across financial markets hit crypto prices particularly hard.
Bitcoin spent most of August trending lower, as the world’s biggest cryptocurrency was dented by persistent concerns over token distributions and mass sale events, especially from defunct exchange Mt Gox.
Attention now turns to the key economic data this week, culminating with the widely-watched U.S. nonfarm payrolls…
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