The Bitcoin price (BTC/USD) has edged lower on Thursday morning, unable to build a stable momentum after a rocky Wednesday session.
The original cryptocurrency had another lacklustre session on Wednesday, with its price experiencing significant difficulties in establishing a stable position above the key $6,500 level. The digital coin enjoyed some positive price action in the early hours of the session, rising to an intraday high of $6,521.99. However, the coin’s performance worsened in subsequent trading, as its price started experiencing frequent fluctuations. Bitcoin revisited the $6,500 mark several times during the day, but each price spike was swiftly followed by a sharp drop. The coin eventually finished the session at $6,495.84, slightly higher than its opening level of $6,478.89.
The digital currency has continued to struggle in today’s morning trading. The coin’s price tumbled to an intraday low of $6,451.71 earlier in the session, though it has managed to recover some of its losses in more recent trading. At the time of writing, the Bitcoin price was hovering around the $6,470 level, according to data from digital currency tracker Coinmarketcap.
Bitcoin’s performance appears to be in line with a slight downturn observed across the wider digital currency market. Most digital currencies in the top 10, including Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH) and EOS, have posted minor losses over the past 24 hours. According to recent data, Stellar has been the worst performing top 10 virtual coin, having lost 2.7% of its value over that period.
In today’s trading, the Bitcoin price stood at $6,469.78, as of 10:00 BST. The digital coin has lost 0.5% of its value in the past 24 hours, Coinmarketcap data shows. The coin’s total market cap currently stands at $112.2 billion, which represents 53.7% of the combined value of all digital currencies.
For further information on how to buy and trade Bitcoin, see our comprehensive Bitcoin guide.