Bitcoin drifts lower in weekend trading

The more than $5000 surge in the price of Bitcoin on Friday has flattened out in weekend trading. Bitcoin rose from a low of 29,904 on Thursday. By Friday afternoon is had risen to as high as 38,627. It then drifted back to around 34,640 around the time of the wider market weekly close.  Since then, it has fallen back a little more and traded mostly sideways so far this weekend. The price fell back to as low as 32,860 on Saturday morning, before rebounding back above 34,800 later that day. On Sunday it has traded in a range, so far covered by 34,800 down to 33,240. Naturally, come next week that range may not hold. The other thing to note here; is a degree of potential coin rotation out of Bitcoin and into the likes of Dogecoin and XRP, both of which have certainly been pumped back in play this weekend. Cynics out there might suggest that Elon Musk might have even sold some above 38k following his decision to make it a unique feature of this Twitter page. As daft as all this might seem to some, that is the world in which all cryptocurrencies exist. Bitcoin is currently trading at 33,575