Bitcoin and cryptocurrency prices have stagnated so far this year, despite repeated predictions a bitcoin "bull run" could be just around the corner, but declining prices are obscuring an underlying growth in adoption and institutional infrastructure, according to new San Francisco and Singapore-based hedge fund Circuit Capital. Bitcoin prices have sunk some 70% from their peak at the turn of the year, which saw bitcoin rocket to a staggering near-$20,000 before falling to around $6,000 in September—where it has wallowed since. Bitcoin adoption and institutional investment are seen as two key metrics the cryptocurrency's price is based on.