Bitcoin Could End October With 2018’s
First Year-Over-Year Decline
With prices trading sideways around $6,400 for the 10th day straight, bitcoin (BTC) risks reporting a yearly loss for its 10th birthday.
The leading cryptocurrency, which turns a decade old this Wednesday, has been flatlined below $6,500 since Oct. 19 and is showing no signs of life with volatility readings at multi-month lows.
At press time, BTC is trading at $6,414, as per CoinDesk’s Bitcoin Price Index (BPI) – up 4.46 percent on a yearly basis.
Because BTC was trading above $6,400 on Oct. 31, 2017, annual performance would turn negative if the lateral trading continues for another 48 hours.