Bitcoin Nosedive Jolts Crypto Market Out of Its Summer Stupor
- Crypto token is on pace for biggest weekly loss since November
- High rates, regulatory risks, thin trading all weigh on market
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Bitcoin has had a sleepy summer. This week, it was shaken awake.
For the past several months, the hallmark volatility that previously attracted hordes of investors to the world’s largest cryptocurrency has been absent, with the rate of its swings reaching its lowest point since 2016.