However, trading volume for bitcoin has also faded to its lowest level since November 2020, per K33.Institutional and retail investors alike turned away from the sector over what was a nightmarish 2022, when rapidly rising interest rates andAnd while other riskier assets like stocks have rebounded this year, bitcoin still trades at under $30,000 – more than 50% below the peak of almost $69,000 in November 2021.
Bitcoin's newfound sturdiness is a cruel twist on bulls' long-held belief that it could one day become a form of"To an extent, their vision for a low-volatility asset has now come to life – but only because nobody really cares about crypto anymore.
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