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Bitcoin’s ‘Boring’ Trading Spurs Calls for a New Hype Cycle

  • Token poised for fourth straight session moving less than 1%
  • April trading range was the narrowest since September 2020

Over the weekend, Bitcoin’s price hardly budged. On Monday, the coin posted a negligible 0.02% drop. On Tuesday, it was yet again unchanged.

Such has been trading in the world’s largest cryptocurrency that some analysts and market-watchers have resorted to calling it “boring.” In fact, Bitcoin fell 0.4% as of 12:36 p.m. in New York, poised for its fourth straight session of moving less than 1% -- the longest run of dormancy since April 5. The digital currency has swung within a 5% band for a seventh straight session in a prolonged calm not seen since Jan. 19.