Behind Bitcoin’s rut: Sagging volumes, fading animal spirits

SynopsisThe world’s largest cryptocurrency has been languishing around $47,000, well below early November’s highs of nearly $69,000. A look under the hood helps explain why: Trading volumes have dried up, futures open interest is plunging and the number of active addresses has stalled out.AgenciesThe futures market tells a similar story. After spiking to an all-time…Continue Reading