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Cryptoverse: Bored bitcoin seeks direction after big bang
Bitcoin has been distinctly listless in the past three months after starting the year with a bang. The crypto leader has largely shuttled between $56,000 and $63,000 so far in the second half of the year - a contrast to the first six months when it jumped 45%, propelled by the launch of U.S. exchange-traded funds (ETFs) tracking its spot price. Market players are now eyeing possible new crypto catalysts heading into year-end and early 2025, beyond broader market-moving events such as shifts in U.S. interest rates and the American presidential election. Jake Ostrovskis, trader at UK-based crypto firm Wintermute, is ... (full story)