It’s the weekend, and, let’s be honest – nobody is expecting a lot of action. And while there are some weekends that defy this sentiment… this one is not among them.

In fact, the vast majority of the major cryptocurrencies have failed to move, charting incredibly insignificant differences in their price compared to 24 hours ago. Let’s take a look.

Bitcoin Getting Squeezed at $29K

Bitcoin’s price has been tremendously calm throughout the past week, and it’s been trading around $29,000 for a while now. This is a very narrow range for a cryptocurrency that’s as volatile as BTC.

But that volatility seems to have disappeared lately and on a 5-day weighted average, BTC has been less volatile compared to even gold.

As you can see in the above 1-hour chart, there’s literally nothing going on with Bitcoin’s price, which is completely stuck at the $29K level.