Bitcoin turns boring as speculative frenzy fades into apathy

Bitcoin's slump it suggests investors may be losing interest in cryptocurrencies.

The words Bitcoin and boring have rarely been uttered in the same breath. But after a dizzying rally, a gut-wrenching crash and near-constant ups and downs over the past two years, the cryptocurrency did something strange in recent weeks: it stayed relatively still. 

Bitcoin has traded in a US$732 (RM3,040) range since Sept 7, swinging no more than 12% from peak to trough, according to Bitstamp prices compiled by Bloomberg. That’s the narrowest trading band for any rolling 28-day period since December 2016, and well short of the 200% range during the height of crypto-mania in late 2017.