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Bitcoin price TODAY: Bitcoin confirms THREE MONTH losing streak | City & Business | Fina…

01 Nov Bitcoin price TODAY: Bitcoin confirms THREE MONTH losing streak | City & Business | Fina…

Posted at 18:07h in Bitcoin News by

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Bitcoin is valued at $6320.51 (£4,877) at 3:45pm today (November 1) according to CoinDesk.com.

There are however there is some cause for optimism this month despite the three-month fall

The cryptocurrency closed yesterday (October 31) down 4.32 percent from the October 1 opening price of $6,606 (£5,097) according to CoinDesk.com.

Prices had fallen 9.22 percent and 5.8 percent over August and September respectively.

The past three months have seen the cryptocurrency’s worst losing streak since the beginning of 2015.

The saw the flagship cryptocurrency’s prices drop 4 percent, 2.8 percent and 2.7 percent from March to May.

Its price then averaged approximately $250.

There is cause for optimism as the recent 4 percent drop is the lowest in three months.

READ MORE:  Bitcoin could be due a “powerful move SOON”

Seasonality analysis has led some to believe they are witnessing an annual pattern suggesting BTC will break its three-month losing streak this month.

Bitcoin always reports…

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