After yesterday’s enhanced volatility again, where bitcoin tapped a ten-day high above $39,000, the asset has calmed just below that level. Most alternative coins are untypically stable on a daily scale, with ETH standing beneath $2,800 and Polkadot reclaiming $20.
Bitcoin Remains Above $38K
The past several days were quite volatile for the leading digital asset, starting from a near $2,000 drop on January 31st that drove it from above $38,000 to a multi-day low at just over $36,500.
After stalling at that line for a bit, bitcoin went on the offensive during the weekend. As reported on Sunday, the asset reclaimed $37,000 and even tried its hand at $38,000.
It was rejected at first, but the bulls kept the pressure on and pushed BTC further north. This time, BTC even challenged $39,000. It briefly exceeded that level yesterday, which became the highest price tag in ten days.
However, bitcoin failed to sustain that level and has retraced to around $38,500 as of writing these lines. As s
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