Bitcoin briefly dipped below $28,000 yesterday but has bounced off and currently sits inches above that line.

As it happens quite frequently during the weekends, the trading volumes have declined, and even the more volatile by nature altcoins sit rather silent today.

BTC Back Above $28K

The start of this week saw some massive price fluctuations. It began with BTC’s price drop to $27,200 on Monday after fake news that Interpol had served Binance CEO CZ with a Red Notice. However, the asset recovered all losses immediately after Zhao refuted the claims.

Moreover, the bulls drove the cryptocurrency even further north, culminating in nearing $29,000. Bitcoin failed at that point, and the subsequent rejection drove it back down to $28,000 by Wednesday. The next few days were rather quiet as BTC stood around $28,000.

It dipped below that line yesterday, going to a daily low of $27,800. However, it has added almost $400 since then and currently trades above $28,000.