Bitcoin price – live updates: Cryptocurrency value steadies after dramatic surge

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The price of bitcoin rose more than twenty-fold in 2017, generating huge amounts of interest in the cryptocurrency.

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 that saw the price of ethereum, ripple and other leading cryptocurrencies tumble.

More recently, bitcoin has shown signs of recovery but its price remains volatile.

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

:: The Independent’s bitcoin group is the best place to follow the latest discussions and developments in cryptocurrency. Join for the latest on how people are making money – and how they’re losing it.

Live Updates

5 hours ago

So is this the calm before another storm? Bitcoin experts and analysts have been looking into their crystal balls, with some predicting massive gains for the cryptocurrency.
“I’m thinking $250,000 a bitcoin by 2022,” said one renowned investor. “Believe it, it’s going to happen. They’re going to think you’re crazy but believe it, it’s happening, it’s going to be awesome.”
Read the full story here:

Experts predict ‘crazy’ Bitcoin gains despite volatile markets

Bitcoin’s recent value surge has led to a flurry of price predictions from experts and analysts, with some suggesting “crazy” gains for the cryptocurrency in 2018 and beyond. One of the most ambitious forecasts came from billionaire investor Tim Draper, who made his fortune through early investments in internet companies like Twitter and Skype. Mr Draper correctly predicted in 2014 that bitcoin’s price would rise from $300 to $10,000.

5 hours ago

The price of bitcoin continues to enjoy some degree of stability, shifting in price by less than 1 per cent since this time yesterday, according to CoinMarketCap
  1. Bitcoin: $8,135 (£5,677)
  2. Ethereum: $516 (£360)
  3. Ripple: $0.67 (£0.45)
  4. Bitcoin cash: $778 (£534)
  5. Litecoin: $136 (£89)
The relative calm across the cryptocurrency markets follows rapid price gains last week that came after several months of steady price declines.

1 day ago

The recent upturn in fortunes for cryptocurrency markets follows positive news that bitcoin is permissible under Sharia Law, according to an Islamic scholar. 

A study by Muhammad Abu-Bakar of Blossom Finance in Indonesia stated: “Bitcoin is permissible in principal as bitcoin is treated as valuable by market price on global exchanges and it is accepted for payment at a wide variety of merchants. Moreover, many private individuals accept bitcoin as a medium of exchange in their private transactions.”

Here’s The Independent’s Anthony Cuthbertson with the full story.

1 day ago

Bitcoin has managed to hold on to recent price gains, stabilizing above $8,000 over the weekend, according to CoinMarketCap.
  1. Bitcoin: $8,105 (£5,676)
  2. Ethereum: $513 (£359)
  3. Ripple: $0.65 (£0.45)
  4. Bitcoin cash: $760 (£532)
  5. Litecoin: $127 (£88)
Other leading cryptocurrencies have benefited from bitcoin’s recent stability, with none of the top five most-valuable virtual currencies shifting by more than 2 per cent over the last 24 hours.

4 days ago

Why did bitcoin’s price suddenly spike?
We spoke to some cryptocurrency experts to get their take on the unprecedented surge

Why did bitcoin price spike? Experts explain extreme cryptocurrency value change

Bitcoin is notoriously volatile. Since its inception in 2009, the cryptocurrency has experienced staggering price rises and vertical freefalls that often defy explanation – with some analysts deferring to a 2013 meme describing it as “magic internet money.” But even with this spiky history, bitcoin’s sudden price surge on 12 April was unprecedented. In less than 60 minutes, bitcoin’s value shot up by more than $1,000, driven by the biggest one hour trade volume in history of over a billion dollars worth of bitcoin.

4 days ago

Against some analyst’s expectations, bitcoin has maintained its recent price gains. 
Bitcoin is currently hovering just above $8,000, representing a 17 per cent gain since this time yesterday.

4 days ago

The price of bitcoin has provided a well-needed boost for the cryptocurrency market, according to CoinMaretCap.
  1. Bitcoin: $7,681 (£5,392)
  2. Ethereum: $467 (£327)
  3. Ripple: $0.57 (£0.40)
  4. Bitcoin cash: $711 (£499)
  5. EOS: $8.84 (£6.20)
Of the top five most-valuable cryptocurrencies, EOS experienced the biggest gains over the last 24 hours, shooting up by more than 25 per cent.

5 days ago

After briefly reaching above $8,000, bitcoin is currently trading at around $7,700 on the Coinbase exchange.

5 days ago

It is still not entirely clear what caused this sudden movement in the market, though some analysts speculate that breaking the $7,000 price point sparked this bull run of enthusiastic investment.

5 days ago
5 days ago

Bitcoin has suddenly shot up by over $1,000 dollars over the last few hours. 
More to follow…

5 days ago

Looking beyond bitcoin, Ripple – the fintech firm known for the highly volatile XRP coin – has invested $25 million into Blockchain Capital.
According to Ripple’s chief market strategist, Ripple hopes for the next Uber or Instagram to be built on its platform.

5 days ago

Bitcoin almost rose returned to $7,000 on Wednesday, before a flash crash sent its price back below $6,800, according to the Coinbase price index.
At one point, the price of one bitcoin rose to $6,960, but ultimately failed to break through this barrier. Its value has shifted by less than 1 per cent since this time yesterday, as analysts suggest bull and bear investors have reached a stalemate in recent days.

5 days ago

Bitcoin is inching towards $7,000, having risen just over 1 per cent over the last 24 hours, according to CoinMaretCap.
  1. Bitcoin: $6,912 (£4,869)
  2. Ethereum: $420 (£295)
  3. Ripple: $0.49 (£0.34)
  4. Bitcoin cash: $655 (£461)
  5. Litecoin: $114 (£80)
Bitcoin’s turn of fortunes has had a positive impact on the rest of the top performing cryptocurrencies, with all of the top 10 most-valuable digital currencies experiencing gains since this time yesterday.

6 days ago

The price of bitcoin continues to stagnate below $7,000, rising 1 per cent in value since this time yesterday to $6,853, according to the Coinbase price index.
Analysis of the current market by leading cryptocurrency publication CoinDesk suggests bull investors – those betting the market will improve – and bear investors – those betting the price of bitcoin will decline – has reached a stalemate in recent days.

6 days ago

The price of bitcoin is hovering around its lowest point since November last year – and it might not come back up, experts warn.
Last year’s dramatic price rises were driven by a significant surge in interest in the cryptocurrency late last year. 
Analysis from Barclays bank has labelled that fast surge an “infection” – which behaved like a disease, and has now been treated.
Here’s The Independent’s Anthony Cuthbertson with the full story.

1 week ago

The price of bitcoin has continued to fall over the last 24 hours, according to CoinMaretCap, dragging down with it all of the other major cryptocurrencies. 
  1. Bitcoin: $6,755 (£4,766)
  2. Ethereum: $396 (£279)
  3. Ripple: $0.48 (£0.33)
  4. Bitcoin cash: $635 (£448)
  5. Litecoin: $113 (£79)
Of the top 20 most valuable cryptocurrencies, only verge experienced any significant gains. The altcoin bucked the downward trend by shooting up in value by 14 per cent since this time yesterday.

1 week ago

The UK’s financial regulator announced on Monday that it is working on guidelines for cryptocurrency policy, set to be published later this year.
The Financial Conduct Authority (FCA) does not have any regulatory scope over cryptocurrencies, however its report could have an impact on future regulation. 
Here’s The Independent’s Anthony Cuthbertson with the full story.

1 week ago

Bitcoin’s return above $7,000 was short lived, as it crashed in value by around $400 in the space of a few hours on Monday, according to the Coinbase price index.
Other major cryptocurrencies also experienced a drop in value, according to CoinMarketCap, though none as significant as bitcoin’s most recent demise.

1 week ago

Bitcoin’s price gains have had a positive impact on the rest of the market, with all of the top five cryptocurrencies gaining in value over the last 24 hours, according to CoinMaretCap
  1. Bitcoin: $7,155 (£5,072)
  2. Ethereum: $425 (£301)
  3. Ripple: $0.50 (£0.35)
  4. Bitcoin cash: $677 (£479)
  5. Litecoin: $121 (£62)
Ethereum has been the best performing of the major cryptocurrencies, rising by almost 10 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.

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The Independent’s bitcoin group on Facebook is the best place to follow the latest discussions and developments in cryptocurrency. Join here for the latest on how people are making money – and how they’re losing it.

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