DigitalX Limited (AU:DCC) has released an update.
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DigitalX Limited reported a challenging month for its funds, with the Digital X Bitcoin Fund and Digital X Fund decreasing by 13.8% and 18.7% respectively, underperforming against the S&P Cryptocurrency Top 10 Equal Weight Index’s 15.1% drop. The overall digital asset market experienced volatility, with Bitcoin’s price briefly falling below $50,000 before recovering to around $59,000 by the end of August. This market fluctuation reflects broader economic factors, such as changes in interest rate expectations and geopolitical tensions.
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