Bitcoin’s untypical lack of volatility continues as the asset has failed to move during the weekend from the $41,500 mark.
Most altcoins are also quite sluggish now, with minor gains seen from the likes of ETH, SOL, XRP, BNB, and ADA.
BTC’s Stagnation Continues
The ETF approvals from last week came amid enhanced volatility that saw BTC going up and down by several thousand dollars. The peak came on Thursday when the products reached the US financial markets, and Bitcoin skyrocketed to a 21-month high of $49,000.
Hours later, though, all gains were erased, and a further dump to $41,500 came on Friday evening. As Saturday arrived, the cryptocurrency recovered a portion of its losses and stood at around $43,000. Since then, there have been very few actual price movements.
In fact, BTC has remained at around and below that level for the past week. This weekend has been quite uneventful as well, with the asset struggling to overcome $42,000.
Author: Jordan Lyanchev