Bitcoin price (BTC/USD) edges lower amid lacklustre trading

The Bitcoin price (BTC/USD) has seen some lacklustre trading action over the past 24 hours.

The original cryptocurrency had a rather lacklustre session on Monday, as it wasn’t able to recover from the sharp drop it experienced on Sunday afternoon. The digital coin spent the better part of yesterday’s session moving in a tight range below the $3,600 mark. It hit a one-week low of $3,558.54 in the final hours of the session and eventually closed the session at $3,576.03, down from its opening price of $3,600.37.

Bitcoin had a slight dip in the early hours of today’s trading, with its price falling to as low as $3,557.95. The coin has made an unsuccessful attempt to recover its losses in subsequent trading. At the time of writing, the Bitcoin price was hovering around $3,560, according to data from digital currency tracker Coinmarketcap.

Bitcoin and the broader cryptocurrency market had a disastrous year in 2018, with the No. 1 digital coin losing more than 70% of its value over the 12 months to December 31. Many cryptocurrency supporters hope that digital coins would be able to turn their fortunes around in 2019. Meanwhile, some industry experts like Coinbase’s UK lead counsel Marcus Hughes expect that the year would offer major developments in the sector.

“Within the next year or two, we’ll see big developments,” Hughes said, as quoted by Forbes. “Regulation will take shape this year, particularly in Europe.”

In today’s trading, the Bitcoin price stood at $3,562.59, as of 11:17 GMT. The digital coin has lost 0.5% of its value over the past 24 hours, Coinmarketcap data shows. Its total market cap currently stands at $$62.3 billion, which represents 52.5% of the combined value of all digital coins.

For further information on how to buy and trade Bitcoin, see our comprehensive Bitcoin guide.