For an asset that’s known to be highly volatile, Bitcoin has been shedding that characteristic of late.
The largest digital asset is lingering around $27,000 for the third consecutive Tuesday in what’s been “lackluster price action,” according to K33’s Bendik Schei and Vetle Lunde. And “the remarkably unremarkable state of the market is now aggressively reflected in most metrics,” with seven-day average trading volumes touching two-and-a-half-year lows, and 30-day volatility at its lowest since January, they wrote in a note.
