Bitcoin is finally trading like 'digital gold' – but only because nobody cares about crypto anymore
However, trading volume for bitcoin has also faded to its lowest level since November 2020, per K33.Institutional and retail investors alike turned away from the sector over what was a nightmarish 2022, when rapidly rising interest rates andAnd while other riskier assets like stocks have rebounded this year, bitcoin still trades at under $30,000 – more than 50% below the peak of almost $69,000 in November 2021.
Bitcoin's newfound sturdiness is a cruel twist on bulls' long-held belief that it could one day become a form of"To an extent, their vision for a low-volatility asset has now come to life – but only because nobody really cares about crypto anymore.
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