Bitcoin’s price movements continue to be highly uneventful as the asset continues to remain just inches above $29,000.

Most altcoins have mimicked BTC’s performance, aside from DOGE, SHIB, UNI, and OP, all of which have jumped by more than 3% daily.

BTC Boring at $29K

It was precisely a week ago when the primary cryptocurrency tried its hand at taking down $30,300 but failed in its tracks, and the subsequent rejection pushed it south hard. In about a day, the asset had lost more than a grand and fell to a monthly low of just under $29,000.

Nevertheless, bitcoin managed to bounce off and reclaim that level. What followed was almost a week of sideways price action, which saw BTC standing between $29,000 and $29,700. The latter came a day after the US Federal Reserve raised the interest rates by 25bps, something that has led to enhanced volatility in the past, but not this time.

The past 48 hours have been particularly boring as BTC has stalled somewhere between $29,300 and $29,400. This means that its market capitalization has remained inches below $570 billion, but its dominance over the altcoins has suffered in the past week. The metric is down by more than 0.5% within that timeframe to 48.1% now.