Bitcoin tried its hand at taking down $27,000 yesterday but failed amid low weekend trading volumes and has remained relatively still.

The altcoins are also lacking any substantial price moves, with ETH reclaiming $1,800 and BNB pumping above $310.

Bitcoin Stays Flat

The past several days didn’t go well for the primary cryptocurrency. It all started on Wednesday when the asset jumped from $27,500 to $28,400 in minutes after the US CPI numbers came out for April.

Although BTC went on the offensive first, it reversed its trajectory almost immediately and dumped hard by almost $2,000 to a multi-week low of $26,600 (on Bitstamp).

The bulls tried to intercept the price slump and pushed the cryptocurrency back up to $28,000. However, another rejection followed that drove it back down to $27,000. As the weekend approached, BTC nosedived once again to under $26,000 for the first time in two months.