{"id":58363,"date":"2023-09-08T04:36:15","date_gmt":"2023-09-08T08:36:15","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/bitcoin-price-hovers-below-26000-investors-are-losing-interest\/"},"modified":"2023-09-08T04:36:18","modified_gmt":"2023-09-08T08:36:18","slug":"bitcoin-price-hovers-below-26000-investors-are-losing-interest","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=58363","title":{"rendered":"Bitcoin Price Hovers Below $26,000. Investors Are Losing Interest."},"content":{"rendered":"
\n
<\/p>\n

<\/p>\n

<\/p>\n
<\/div>\n<\/figure><\/div>\n

\n Bitcoin <\/span>
\n and other cryptocurrencies were little changed on Thursday as digital asset markets continued to exhibit low volatility\u2014a symptom of investors\u2019 waning interest in wading into crypto markets.<\/p>\n

The price of Bitcoin has been roughly unchanged over the past 24 hours at near $25,750. The largest digital asset has recently weakened below $26,000, a level around which Bitcoin has traded for much of the past month, with a recent spike to $28,000 after a pro-crypto court ruling being short-lived.<\/p>\n

\n

\u201cSpot markets continue seeing capital outflows, and derivative markets are also witnessing a persistent decline in liquidity,\u201d analysts at crypto market intelligence firm Glassnode wrote in a recent note. \u201cOverall, investors appear hesitant to return to the markets, preferring to move capital higher up the risk curve.\u201d<\/p>\n

Bitcoin has languished at levels of record low volatility in recent months, a pattern that looks to be returning to cryptos, which have lagged the excitement of the
\n Dow Jones Industrial Average<\/span>
\n and
\n S&P 500<\/span>
\n in the stock market. While traders continue to look ahead to catalysts on the regulatory front\u2014such as the possible approval of spot Bitcoin exchange-traded funds\u2014little of late is making prices move much.<\/p>\n

In all, it\u2019s likely a bad sign for digital assets, which grew popular largely on the back of characteristic volatility that drew in traders.<\/p>\n

Beyond Bitcoin,
\n Ether<\/span>
\n \u2014the second-largest crypto\u2014was unchanged at $1,630. Smaller cryptos or altcoins were more mixed but still muted, with
\n Cardano <\/span>
\n down less than 1% and
\n Polygon <\/span>
\n less than 1%. Memecoins were weaker, with
\n Dogecoin <\/span>
\n dropping 2% and
\n Shiba Inu<\/span>
\n shedding 1%.<\/p>\n

Write to Jack Denton at jack.denton@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin and other cryptocurrencies were little changed on Thursday as digital asset markets continued to exhibit low volatility\u2014a symptom of investors\u2019 waning interest in wading into crypto markets. The price of Bitcoin has been roughly unchanged over the past 24 hours at near $25,750. The largest digital asset has recently weakened below $26,000, a level […]<\/p>\n","protected":false},"author":1,"featured_media":57570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-58363","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nBitcoin Price Hovers Below $26,000. 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