Bitcoin dips under $78,000

Bitcoin prices declined by 0.3% to approach $78,007 after hitting a low of $77,396, influenced by Federal Reserve Chair Kevin Warsh's statements that boosted expectations of a interest rate hike to 60.4% in September. Military tensions between Washington and Tehran, along with rising oil prices, also contributed. Despite these factors, the market is forecasted to finish August with monthly gains of 24% for Bitcoin and 30% for Ethereum.

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