Bitcoin ended October on a weak note, confirming its first three-month losing streak since 2015, but things may be looking up for November.
The leading cryptocurrency closed yesterday at $6,320 – down 4.32 percent from the Oct. 1 opening price of $6,606, according to CoinDesk's Bitcoin Price Index (BPI). Over August and September, prices had dropped 9.22 percent and 5.8 percent, respectively.
The last time BTC suffered losses for three consecutive months was in the first half of 2015. Back then, BTC was averaging $250 and prices dropped 4 percent, 2.8 percent and 2.7 percent in March, April and May, respectively.