The Bitcoin price (BTC/USD) has seen little action in today’s early trading, in a stark contrast to the rather eventful Wednesday session.
The original cryptocurrency experienced several big price moves yesterday, with its price trying to stabilise above the $10,500 mark. The digital coin had a poor start to the session, as it lost more than $100 during the opening hours of the session. After briefly dropping to sub-$10,500 levels, the coin bounced back and spent the rest of the morning session hovering in the $10,500-$10,600 area.
The afternoon portion of the session included another spell below the $10,500 mark and a drop to an intraday low of $10,434.71. This was followed by another big price swing, which sent BTC to two-week high of $10,762.64. Bitcoin eventually finished the session at $10,594.49, down from its opening level of $10,621.18
The drop put an end to a five-day winning streak, which had seen BTC rebound from last week’s low of $9,421.63. In its September 4 technical analysis, industry website Coindesk noted…