“Money of the mind is the broadest definition of money. It’s bounded only by the imagination.”

Bitcoin, which traded at less than $1,000 and nearly $20,000 at different points last year, has generally remained in a $7,000 to $11,000 per coin range in recent weeks.  Bloomberg notes that the narrower trading range has coincided with waning public interest:

 

Internet searches for ‘Bitcoin’ have plunged . . . Online searches for ‘bitcoin’ fell 82 percent from December highs, according to Google Trends. Tweets that mention the coin peaked Dec. 7, at 155,600, and are now down to about 63,000, BitInfoCharts says. And the number of bitcoin transactions is off 60 percent from its record on Dec. 13, according to Blockchain.info.