Bitcoin and other cryptocurrencies experienced little change on Thursday as the digital asset markets continued to display low volatility. This reflects a decline in investors’ interest in diving into the crypto markets.
The price of Bitcoin has remained relatively stable over the past 24 hours, hovering near $25,750. In recent weeks, the largest digital asset has struggled to surpass the $26,000 level, with a brief spike to $28,000 following a pro-crypto court ruling.
According to analysts at Glassnode, a crypto market intelligence firm, spot markets are witnessing capital outflows while derivative markets are experiencing a persistent decline in liquidity. Overall, investors seem reluctant to return to the markets and are favoring higher-risk investments.
Bitcoin has been experiencing record low volatility in recent months, a departure from its previous reputation for wild price swings. Cryptocurrencies have struggled to match the excitement seen in traditional stock markets like the Dow Jones Industrial Average and S&P 500. Despite anticipating potential regulatory catalysts, such as the approval of spot Bitcoin exchange-traded funds, recent developments have had limited impact on prices.
Overall, these stagnant market conditions signal potential trouble for digital assets, which initially gained popularity due to their characteristic volatility that attracted traders.
Apart from Bitcoin, Ether—the second-largest cryptocurrency—remained unchanged at $1,630. Smaller altcoins displayed mixed but relatively subdued price movements, with Cardano falling less than 1% and Polygon falling by less than 1%. Memecoins, however, exhibited weakness, with Dogecoin dropping 2% and Shiba Inu shedding 1%.
