All Research
Report
September 7, 2021
NYDIG

Bitcoin Brief - August 2021

Start reading

Bitcoin continued its strong price rebound in August and ended the month at $47,296, returning nearly 19%. Bitcoin is up over 62% year-to-date and more than 58% since July 20th, the low price during this most recent drawdown. While it still has some ground to cover to reach the record price of over $63K from back in April, bitcoin’s drawdown and subsequent recovery have been characteristically swift.

Investors seemingly brushed off crypto reporting requirements in the $1 trillion infrastructure bill passed by the Senate and comments from SEC Chairman Gary Gensler at the Aspen Security Forum. Specifically, Gensler called out concerns related to tokens that are securities (not bitcoin), crypto trading and lending platforms. Despite the focus in Washington, investor sentiment continues to be quite strong.

Newsletter

Bitcoin for All.
Insights for You.

Subscribe now to learn what’s driving bitcoin markets, track significant regulatory developments, and get the data that deserves your attention.
© 2023 NYDIG. All rights reserved.
LICENSES | PRIVACY POLICY
This website is provided for informational purposes only. None of the material on NYDIG.com is intended to be, nor does it constitute, a solicitation, recommendation or offer to buy or sell any security, financial product or instrument. You should conduct your own analysis and consult with professional advisors prior to making any investment decisions. Bitcoin investments have historically been highly volatile and are for investors with a high risk tolerance. Investors in bitcoin could lose the entire value of their investment.

Only certain NYDIG legal entities or businesses are regulated. New York Digital Investment Group LLC is not overseen by any regulator. Please see the NYDIG disclosures or terms and conditions for the particular service or transaction for more details. NYDIG Execution LLC (NMLS ID: 1781446) holds a BitLicense and a money transmitter license from the New York State Department of Financial Services (“NYDFS”) and NYDIG Trust Company LLC (NMLS ID: 1985471) is chartered as a limited purpose trust company by the NYDFS; both entities are authorized by the NYDFS to engage in virtual currency business activities. In addition, both entities hold money transmitter licenses from a majority of states and are registered with FinCEN as MSBs. No NYDIG entity is registered with or licensed by the SEC, FINRA, NFA, or CFTC. NYDIG Trust Company LLC does business under registered dba names in various states as disclosed here. NYDIG, NY\DIG, and NEW YORK DIGITAL INVESTMENT GROUP are registered trademarks of NYDIG. Loans made in California are made by NYDIG Funding LLC. Such loans are made or arranged pursuant to a California Financing Law license.