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Bitcoin Loses Mojo After First-Half Rally Fails to Reignite Enthusiasm

Bitcoin has been experiencing a period of low volatility, with the cryptocurrency going eight trading sessions without a 1% move. This is the longest such stretch since January and is considered unusual for Bitcoin, which is known for its wild price swings. Trading volumes have also decreased during this time. Despite excitement in the crypto community about potential developments like a spot-Bitcoin ETF launch, Bitcoin's moves have remained muted. Other asset classes, such as stocks, have seen more pronounced movements. The overall volatility of Bitcoin and Ether over the past 180 days is at multi-year lows.

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