Bitcoin price live: Latest updates as cryptocurrency's recovery stumbles

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Bitcoin fell to its lowest price of 2018 in June, having experienced its worst start to a year since the cryptocurrency was founded, however it is showing signs of recovery.

The value of bitcoin rose more than twenty-fold in 2017, generating huge amounts of interest in cryptocurrencies like ethereum and bitcoin cash.

After peaking at close to $20,000 in December, bitcoin’s value fell to below $10,000 within a matter of weeks. This precipitated a market-wide crash other leading cryptocurrencies tumble.

Its price is expected to continue to fluctuate unpredictably, and this live blog will be regularly updated with the latest news and significant changes.

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Live Updates

2018-07-12T10:12:29.353Z

Bitcoin suffered another price slide over the last 24 hours, losing just under 3 per cent of its value since this time yesterday, according to CoinMarketCap
  1. Bitcoin: $6,203
  2. Ethereum: $434
  3. Ripple: $0.43
  4. Bitcoin Cash: $680
  5. EOS: $6.73

All other major cryptocurrencies experienced a similar fate, with all of the top five falling by between 1 and 5 per cent.

2018-07-11T08:40:14.113Z

As bitcoin’s price remains relatively stable between $6,000 and $7,000, some cryptocurrency experts are making a case for its functionality as a mainstream currency.

A new study by researchers at Imperial College London say bitcoin and other cryptocurrencies are the logical “next step” for money and are close to becoming a proper form of payment.

Read the full story here:

2018-07-10T08:42:16.586Z

Bitcoin’s recovery has taken a small step backwards, with a drop in price of $100 since yesterday, according to CoinMarketCap
  1. Bitcoin: $6,679
  2. Ethereum: $462
  3. Ripple: $0.46
  4. Bitcoin Cash: $724
  5. EOS: $7.62

EOS saw the biggest losses, falling by more than 11 per cent over the last 24 hours.

2018-07-09T08:52:23.143Z

The price of bitcoin continued to recover over the weekend, rising by almost $200 since Friday, according to CoinMarketCap
  1. Bitcoin: $6,779
  2. Ethereum: $486
  3. Ripple: $0.47
  4. Bitcoin Cash: $751
  5. EOS: $8.63

Other major cryptocurrencies followed bitcoin’s lead, however all of the top five suffered a slight dip over the last 24 hours, dropping by between 1 and 5 per cent in value.

2018-07-06T09:23:58.180Z

Bitcoin is enjoying a relative period of stability, having hovered around the $6,500 price point for the past few days. 

  1. Bitcoin: $6,599
  2. Ethereum: $467
  3. Ripple: $0.46
  4. Bitcoin Cash: $727
  5. EOS: $8.52

This has been reflected across the cryptocurrency market, with all of the top five cryptocurrencies remaining relatively stable since the start of the week.

2018-07-04T09:19:13.746Z

The price of bitcoin dipped slightly over the last 24 hours but still remains well above its recent low. 

  1. Bitcoin: $6,542
  2. Ethereum: $466
  3. Ripple: $0.49
  4. Bitcoin Cash: $762
  5. EOS: $8.85
All of the major cryptocurrencies fell in value by between 1 and 5 per cent since this time yesterday, according to CoinMarketCap.
2018-07-03T08:38:36.496Z

Bitcoin’s recent price surges have had a positive effect on the rest of the cryptocurrency markets, according to CoinMarketCap
  1. Bitcoin: $6,643
  2. Ethereum: $477
  3. Ripple: $0.50
  4. Bitcoin Cash: $806
  5. EOS: $9.07

The top five digital currencies rose between 5 and 15 per cent over the last 24 hours, marking the biggest gains in over a month.

2018-07-02T16:53:11.146Z

The price of bitcoin has shot up once again, with the cryptocurrency now closing in on $7,000.

Read the full story here:

2018-07-02T08:43:37.490Z

Bitcoin experienced a mini price surge over the weekend, rising by $400 in a matter of hours to jump back above $6,000.

  1. Bitcoin: $6,374
  2. Ethereum: $453
  3. Ripple: $0.45
  4. Bitcoin Cash: $734
  5. EOS: $8.03
All other major cryptocurrencies benefited from the bitcoin’s boosted value, and have remained steady over the last 24 hours by shifting less than 0 per cent, according to CounMarketCap.
2018-06-29T07:51:51.613Z

The price of bitcoin has crashed below $6,000, falling by 4 per cent over the last 24 hours to hit its lowest level since November 2017.

  1. Bitcoin: $5,917
  2. Ethereum: $416
  3. Ripple: $0.44
  4. Bitcoin Cash: $663
  5. EOS: $7.35
The price fall has been reflected across the rest of the cryptocurrency markets, with the rest of the top five falling by between 4 and 7 per cent, according to CoinMarketCap.

 

2018-06-28T08:03:13.463Z

Bitcoin has mustered a slight recovery with a slight increase in price over the last 24 hours to keep above $6,000, according to CoinMarketCap.
  1. Bitcoin: $6,114
  2. Ethereum: $435
  3. Ripple: $0.46
  4. Bitcoin Cash: $705
  5. EOS: $7.90

All other major cryptocurrencies saw gains of between 0.5 and 5 per cent since this time yesterday.

2018-06-27T16:57:13.263Z

As bitcoin’s price continues its free-fall, there are signs of hope.

Famed venture capitalist firm Andreessen Horowitz is launching a $300 million crypto fund – and doesn’t plan to sell its cryptocurrency assets for at least another five years.

Read the full story here:

2018-06-27T11:06:04.263Z

Banning cryptocurrency ads has been a popular move among technology giants, with Facebook, Google and Twitter all introducing strict rules this year.

Facebook has now decided to reverse its decision, once again prompting rumours that it is planning something major in the cryptocurrency space. Experts tell The Independent that this could be anything from acquiring the bitcoin exchange Coinbase, or even launching its own virtual currency.

Read the full story here:

2018-06-27T07:58:41.923Z

Bitcoin has slipped in price further over the last 24 hours, according to CoinMarketCap.

  1. Bitcoin: $6,094
  2. Ethereum: $433
  3. Ripple: $0.45
  4. Bitcoin Cash: $697
  5. EOS: $7.57

The world’s leading cryptocurrency risks falling below $6,000 as it continues to hover around its lowest level of 2018. 

2018-06-26T08:08:32.593Z

A newly published survey of 15,000 people across 13 countries by the Dutch banking giant ING has revealed that interest in cryptocurrency is expected to double.

Jessica Exton, a behavioural scientist at ING, said: “Based on our survey, ownership of cryptocurrencies could more than double in the future – although we do not know when… The volatility of cryptocurrency carries with it both positives and negatives, on the plus side it can increase awareness but may also mean people view digital money as a relatively risky asset. If cryptocurrency stabilises there may be increased interest.”

Read the full story here:

2018-06-25T11:59:54.210Z

Despite the recent price lows, cryptocurrency analysts have seen the positive side.

“Market adjustments as we have seen over the past months can help to stabilise prices and move the industry towards a more robust, sophisticated regime. This is good for the long-term future of blockchain and [cryptocurrencies], giving the industry time to develop,” Matthew Newton, an analyst at the trading platform eToro, told The Independent.

Read the full story here:

2018-06-25T08:24:05.466Z

The price of bitcoin suffered further losses over the weekend, briefly dropping below $6,000 before bouncing back late on Sunday, according to CoinMarketCap.

  1. Bitcoin: $6,164
  2. Ethereum: $451
  3. Ripple: $0.47
  4. Bitcoin Cash: $748
  5. EOS: $7.93

All other major cryptocurrencies mirrored bitcoin over the weekend, dropping significantly on Saturday before seeing a modest recovery.

2018-06-22T07:40:13.943Z

Bitcoin continues to struggle below $7,000, falling a further 3.5 per cent over the last 24 hours, according to CoinMarketCap.

  1. Bitcoin: $6,520
  2. Ethereum: $502
  3. Ripple: $0.51
  4. Bitcoin Cash: $828
  5. EOS: $9.56

Heavy losses were experienced by the rest of the top five most valuable cryptocurrencies, which all fell between 4 and 10 per cent since this time yesterday.

2018-06-21T10:49:25.813Z

Bitcoin experienced a mini price crash yesterday, following news of yet another South Korean cryptocurrency exchange being hacked.

The Bithumb attack resulted in the loss of around $31 million worth of customers’ funds and a tweet from the exchange saying it would reimburse them was mysteriously removed.

Fortunately for bitcoin, its price was quick to rebound, taking just a few hours to return to its earlier trading levels.

Read the full story here: 

2018-06-20T09:00:47.803Z

The price of bitcoin has remained relatively stable, shifting by less than 1 per cent over the last 24 hours, according to CoinMarketCap.
  1. Bitcoin: $6,663
  2. Ethereum: $526
  3. Ripple: $0.53
  4. Bitcoin Cash: $875
  5. EOS: $10.33

Of the top five most valuable cryptocurrencies, only ripple and EOS moved in value by more than 1 per cent, each falling by around 1.5 per cent since this time yesterday.

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After hitting a record high of more than $19,850 (£14,214) in mid-December, bitcoin’s value tumbled to $12,000 (£8,630) within days.

It then surged again, before plummeting in mid-January amid reports that trading was about to be banned in several countries around the world. It then stabilised, before beginning a gradual price slide throughout February, March and early April.

We’ve teamed up with cryptocurrency trading platform eToro. Click here to get the latest Bitcoin rates and start trading. Remember that returns are not guaranteed, so you could get back less than you invested.

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