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CryptoWatch: Bitcoin’s average trading range has narrowed nearly 90%, says analyst

Major digital currency prices cannot buck the recent trend, trading mostly unchanged.

In Thursday trading one bitcoin BTCUSD, +0.01% was fetching $6,321.71, unchanged since Wednesday 5 p.m. Eastern Time on the Kraken crypto exchange.

The lull has analysts turning to stocks to cure their craving for volatility. “The average true trading range of bitcoin has dropped to $157 from its January peak of $1,500. Its historical volatility has also dropped so low that stocks like Amazon and Apple are more attractive,” wrote Naeem Aslam, chief market analyst at Think Markets U.K.

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