Bitcoin defies its volatile reputation by entering a phase of remarkable stability
CoinGecko data backs the analyst's observation, showing Bitcoin trading within a remarkably confined 24-hour range of $29,143.57 to $29,445.38. Despite this narrow fluctuation, its market price lingers around $29,413, yielding a market capitalization of about $572.3 billion. Historically speaking, such subdued volatility phases are an anomaly for Bitcoin.
Despite potential positive developments like a possible Bitcoin ETF, large investors remain hesitant to re-enter the cryptocurrency market, but a significant announcement could trigger a substantial influx of activity.
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