“Large capital pools have been reticent to engage in the industry with unclear rules of the road, while the related overhang has also slowed innovation, adoption, and just overall crypto ecosystem valuation, in our opinion — accelerating as regulatory actions heated up over the past year,” analysts wrote.
Bitcoin (BTC) Price Is In a ‘Bore to Death’ Phase. When Will the BTC Rally Resume?
The current period resembles the action from April through September of 2023 when bitcoin was stuck in the $25,000-$30,000 range...