Bitcoin is valued at $6320.51 (£4,877) at 3:45pm today (November 1) according to CoinDesk.com.
There are however there is some cause for optimism this month despite the three-month fall
The cryptocurrency closed yesterday (October 31) down 4.32 percent from the October 1 opening price of $6,606 (£5,097) according to CoinDesk.com.
Prices had fallen 9.22 percent and 5.8 percent over August and September respectively.
The past three months have seen the cryptocurrency’s worst losing streak since the beginning of 2015.
The saw the flagship cryptocurrency’s prices drop 4 percent, 2.8 percent and 2.7 percent from March to May.
Its price then averaged approximately $250.
There is cause for optimism as the recent 4 percent drop is the lowest in three months.
READ MORE: Bitcoin could be due a “powerful move SOON”
Bitcoin price: There are causes for optimism for the cryptocurrency (Image: Getty)
Bitcoin price: Its value fell 9.22 percent and 5.8 percent over August and September (Image: Getty)
Seasonality analysis has led some to believe they are witnessing an annual pattern suggesting BTC will break its three-month losing streak this month.
Bitcoin always reports gains in November, with the exception of 2011, when it dropped 8.6 percent.
This includes Bitcoin’s greatest monthly performance, which saw a 467 percent price rise in November 2013.