Cryptocurrencies
How to Trade an Unusually Boring Bitcoin
With an asset class steeped in volatility, how are investors reacting when there is no fluctuation?
Photographer: Angel Garcia/Bloomberg
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Crypto is notorious for its volatility. All its wild swings in prices have become a trademark of the market. And it’s also something that has for years now shaped the trading behaviors of investors looking to make a quick profit. But what happens when the market’s largest digital asset, Bitcoin, starts losing its volatility?
Recently, the coin has traded in a tight range around $20,000, unable to break out in any real way. How have crypto investors – who are used to trading on the ups and downs of the coin – responded? How have their investing strategies shifted?