Bitcoin (BTC) has edged lower on Thursday, despite a strong start that saw its price rising to a near 10-month high.
BTC advance slows down
The original cryptocurrency had a mostly lacklustre session on Wednesday. With its rally having stalled, the digital coin spent the better part of the session hovering around the $8,000 mark. However, BTC picked up during the final hours of the session and eventually finished the day at $8,205.17, up from its opening price of $7,989.37.
The coin continued its advance during the opening hours of today’s trading, which allowed it to break above the $8,300 mark for the first time since July 25, 2018. However, like in previous sessions, the coin’s morning push didn’t last very long. BTC has seen a significant pull-back in more recent trading and is now hovering just above the $8,000 mark.
While Bitcoin’s advance has stalled since the coin approached the $8,000 area, major altcoins have kept the larger cryptocurrency alive. The second-largest digital currency on the market,…