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Bitcoin is a volatile asset, but BTC price can stay flat for days, weeks and even months for various reasons.

BTC price dipped over 1% to around $30,350 on the day. Still, its price action remained flat overall

the range of the past two weeks, between $31,400 and $29,500.

The consolidation period follows Bitcoin's 27% price rally from its June low of around $24,750

cryptocurrencies traded largely sideways as several crypto exchanges fell under regulatory scrutiny.