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Bitcoin hovered above the $25K resistance

Bitcoin recently traded at $25,139, a 2.4% drop from where it traded 24 hours ago, according to CoinDesk data.

Tweet on BTC price fluctuation by Coindesk

Coindesk chart on the BTC

The token’s 90-day volatility and trade volume remain at multi-year lows after a sharp sell-off last month, per coinmarketcap.

Bitcoin dipped below $26,000 in Thursday, before regaining some ground early on Friday.

  • The digital currency had been slipping earlier this week, after trading late last week at about $29,500.

September has historically been the worst month for Bitcoin, with the token averaging a 6% decline in the month from 2010 to 2022.

In the so-called ‘month of volatility’ BTC historically dips 7 to 11% on average

The digital currency has fallen for six consecutive September’s based on available data back to July 2010, according to Dow Jones Market Data.


Source: Bloomberg/Coindesk
Image: BTC