Bitcoin’s going through a serious quiet spell. The world’s largest digital currency is seeing fewer major price swings and low volatility, signs that the coin may be nearing a bottom.
After the crypto crash, the industry wants governments to confer legitimacy on digital currencies whose enthusiasts originally boasted of being outside the system. For some operators, the alternative could be bleak.
A sudden exodus from the most popular dollar-linked cryptocurrency rippled through digital asset markets, saddling some investors with losses while propelling bitcoin to its biggest gain in more than three weeks.
Economist Nouriel Roubini, nicknamed Dr Doom for predicting the most recent global financial crisis, has crossed swords with cryptocurrency guru and ethereum founder Vitalik Buterin.
There were no good spots for investors to hide in Thursday’s global market rout, as bitcoin and other cryptocurrencies joined the selloff.
The words bitcoin and boring have rarely been uttered in the same breath. But the cryptocurrency did something strange in recent weeks: it stayed relatively still.