The Bitcoin price (BTC/USD) has struggled to remain above the $6,400 level following some nervous trading over the weekend.
The original cryptocurrency had a rough Sunday session, with its price experiencing frequent fluctuations. Having opened the session at $6,413.63, the digital coin went on a downward trajectory in the early afternoon, which resulted in BTC hitting one-week low of $6,350.17. However, the coin managed to bounce back in the final hours of the session, recouping most of its losses for the day. According to data from digital currency tracker Coinmarketcap, Bitcoin finished the day at $6,411.27.
The coin continued its advance in the early hours of today’s trading, with its price rising to an intraday high of $6,434.21. However, this was followed by more price swings, which did not allow BTC to build enough momentum to sustain a more meaningful rally. The coin also failed to defend the $6,400 mark and, despite making another attempt at bouncing back, the Bitcoin price currently hovering around the $6,390 level.
The wider crypto market has been pretty mixed over the past 24 hours. While most digital currencies in the top 10 has seen slight losses, Bitcoin Cash (BCH) has fallen nearly 5% over that period. At the same time, privacy-focused Monero (XMR) is leading the few gainers top 10, with its price having risen by 2.3%.
In today’s trading, the Bitcoin price stood at $6,397.82, as of 10:52 GMT. The digital coin remains relatively unchanged compared to the same time yesterday. It’s total market capitalisation currently stands at $111.1 billion, which represents 52.4% of the combined value of all digital currencies.
For further information on how to buy and trade Bitcoin, see our comprehensive Bitcoin guide.