Bitcoin has been unusually quiet and stuck in a range of $28,452 and $25,800 for the past four weeks, with investors seemingly reluctant to take positions in either spot or derivatives, according to economists and financial analysts. While the cryptocurrency is still 2023’s best-performing asset, with gains of around 62%, it has slid nearly 14% from its peak in April and analysts predict short-term price fluctuations in the second half of June. Longer-term, however, Bitcoin’s halving in 2024 is expected to raise its volatility.
