After the recent price pumps and new multi-month highs, bitcoin has lost some traction but still remains north of $30,000.

Most altcoins are also slightly in the red today, with ETH sliding beneath $2,100. OKB, on the other hand, has exploded by double digits and neared its previous ATH.

Bitcoin Maintains $30K

The working week began with little-to-no movements, similar to the previous weekend, and BTC was stuck around $28,000. However, that all changed as Monday came to an end. The cryptocurrency started gaining value rapidly, spiking above $29,000 before climbing to $30,000 for the first time since June 2022.

The price surge resulted in tapping $30,500 to chart a ten-month high. The CPI data announced on Wednesday resulted in more volatility, with BTC pumping and dumping by $500 in hours.

The last price surge came on Friday when bitcoin skyrocketed to just over $31,000 to chart yet another ten-month high. However, it failed there and retraced by a grand in the following hours.