After the highly volatile first business week of the new year, BTC has calmed slightly and remained at around $44,000.

Most altcoins are also quieter today, but the weekly charts showcase a different story, with numerous ups and downs.

BTC Stalls at $44K

It’s safe to say that the first week of 2024 was quite eventful. It all started with a massive leg-up on Tuesday that drove the primary cryptocurrency to a 21-month peak at nearly $46,000, perhaps fueled by anticipations of an upcoming ETF approval.

Reports that there will be no such product coming to light anytime soon, though, resulted in the opposite direction. Bitcoin slumped by over four grand in hours and dumped to $41,500. As these speculations were refuted, the asset went on the offensive once again.

This culminated in a few attempts to overcome $44,000 but to no decisive end so far. BTC remains shaky at around that level, with a few dips below it in the past 48 hours.