Bitcoin spiked to a multi-day high above $26,400 yesterday, but that was short-lived, and the asset has returned to a familiar sight at under $26,000.

The altcoins are also slightly in the red today, with BNB, ADA, and SOL retracing by over 1%.

BTC Fails at $26K

Bitcoin’s price performance has been anything but impressive for the past 10 days or so, ever since it shot up by $2,000 and then dumped by almost $3,000 days later after Grayscale’s win over the SEC.

The subsequent violent rejection pushed the asset to an 11-week low of $25,350. The bulls finally stepped up at that point and helped bitcoin recover some ground by the time last weekend had arrived. As such, BTC stood calmly at under $26,000.

The following days, including most of the business week, went by uneventfully, with the cryptocurrency stuck at the same spot. It finally made a move upwards yesterday when it pumped to a multi-day high at over $26,400.