The past few days of April did not bring any substantial price moves in either direction for bitcoin, which remains north of $29,000.
The altcoins are also calm during the weekend as the trading volume has disappeared. On a weekly scale, though, BTC’s dominance has risen by over a percentage.
BTC Maintains $29K During Weekend
This weekend resembles the previous one in terms of lack of volatility, aside from BTC’s highest price point. Last Monday began with bitcoin jumping to $28,000, but that was short-lived, and the asset returned to $27,000.
It wasn’t until late Tuesday, when the cryptocurrency began its ascend, that drove it to $30,000 just hours later. Yet, the rejection at that point, albeit driven by fake news, drove it south hard by $3,000, and BTC returned to its previous price position.
The US banking issues, though, pushed it back north, and bitcoin found itself knocking on $30,000’s door but to no avail once again. Since then, the asset has remained relatively stable at over $29,000, and the past two days were no exception.
Author: Jordan Lyanchev