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
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.#btc #volatility #CRYPTONEWS pic.twitter.com/NZOYAGPLYg
— The_Journalbiz (@the_journalbiz) September 11, 2023
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.
