Bitcoin’s price movements have calmed quite a bit following the enhanced volatility experienced on Friday.

Most altcoins are in a similar state, with minor moves south. Avalanche has declined most today but still stands above $10.

BTC Calms at $28K

It was just about a week ago, on Sunday evening/Monday morning, when the primary cryptocurrency started a massive leg up that resulted in surging by over $1,500. This culminated in a 6-week peak at $28,600 (on Bitstamp) on Monday evening.

However, the asset failed to maintain its run and quickly lost almost all of its gains. Then came some sideways trading before another price pump that pushed it to inches above $28,000. This rejection was more violent and pushed BTC south by just over a grand.

However, the bulls quickly intercepted the move and didn’t allow any further declines. Bitcoin bounced off and soared past $28,200 once again on Saturday. Since then, the asset has been stuck at around $28,000, with little-to-no movements in either direction.