Bitcoin Loses Mojo After First-Half Rally Fails to Reignite Enthusiasm
- The crypto coin has gone eight sessions without even a 1% move
- Broader enthusiasm for crypto wanes during bear cycles: Savic
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Chalk it up to the heat, to late-summer doldrums, or to the phases of the moon, but the usually volatile Bitcoin hasn’t been acting in its typical sporadic ways of late.
The largest digital currency has gone eight trading sessions without a 1% move, the longest such stretch since the start of January, according to data compiled by Bloomberg. Before that, one has to go back to October 2018 to find such a streak.