Bitcoin has finally calmed and remained relatively stagnant on a daily scale at around $26,500 after the massive volatility experienced during the business week.

Most altcoins are in a similar state with insignificant daily gains or declines, aside from APT, which is up by 6% today.

BTC Stalls at $26.5K

Last weekend was quite uneventful for the primary cryptocurrency, aside from a brief pump and dump at around $26,000. As such, the asset entered the working week in a calm manner, which continued for a few more days.

The US CPI numbers from Wednesday didn’t really change that, as BTC remained in a tight range at just over $26,000. The Fed’s decision to pause its interest rate hiking policy also didn’t affect bitcoin, but only at first.

The asset dumped hard just a few hours after the Fed’s announcement and plummeted to a three-month low of under $24,800 on Friday. As the markets shed billions of dollars in days and fear returned, the bulls finally intervened and didn’t allow any further declines.