Spot gold fell below $ 1950 / oz.

The Cointelegraph published an article on August 20 that said Bitcoin rebounded after hitting its 2020 high of $ 12,486. Over the past 48 hours, Bitcoin has fallen by around 5%, recording the biggest drop in the altcoin market. The article points out that there are three main reasons for Bitcoin's decline: the massive slowdown, high profits, and the oversupply of gold. In this regard, traders believe this is a health downturn that could boost Bitcoin's strength.