Bitcoin prices are trading lower Friday, on track for back-to-back losing sessions for the first time since late October.

The world’s largest digital currency is creeping towards its lowest level of the week trading at $6,379.96, down 0.9% since Thursday at 5 p.m. Eastern Time on the Kraken exchange. A move below $6,330 for bitcoin














BTCUSD, -1.26%












 would mark a new low for the week.

Read: Bitcoin may be an unlikely winner in midterm elections

For Charles Hayter, co-founder of CryptoCompare it’s business as usual for crypto participants. “The $6k mark remains fairly solid, volumes are on the lighter side but we are still seeing some positive steps, albeit slowly,” he said, citing Fidelity’s decision to open a cryptocurrency trading business for institutional investors.

Hayter added that after the hype cycle of 2017, the market is slowly working its way out of the 2018 negative cycle.

Read: Fidelity launches cryptocurrency trading platform

Altcoins and futures moving lower

Altcoins, the group of more than 2,100 smaller coins other than bitcoin, were trading lower on Friday. Ether,














ETHUSD, -1.98%












the second-largest altcoin was down 1.4% at $209.66, Bitcoin Cash














BCHUSD, -4.81%












was off 1.8% at $578.00, Litecoin














LTCUSD, -3.25%












had lost 2.4% at $51.71 and XRP,














XRPUSD, -0.98%












was trading at 50 cents, down 0.5%.

Futures are looking at two losing sessions to close out the week. The Cboe Global Markets November contract














XBTX8, -1.36%












was down 1.1% at $6,355 and the CME Group November














BTCX8, -1.25%












was lower by 0.9% at $6,350.

Read: Bitcoin trapped in tighter range than Mexican peso, Brazilian real and other popular currencies

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