BITCOIN suffered a dramatic start to 2018 with huge price fluctuations as the cryptocurrency dropped to devastating lows again last week. BTC made slight recoveries this week - so why is Bitcoin rising today and will it fall again?
Bitcoin price LIVE: BTC nears $9,000. BTC's price this afternoon stands at $9,321.74 - a rise of 7.39 per cent today with a potential $10,000 return set to arrive before the weekend.
Most of the price volatility seems to be over, and a slow bullish rise to now continue for another half-month or so according to experts.
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Bitcoin price news 2018: Why is BTC rising today? Will it fall again?
BITCOIN suffered a dramatic start to 2018 with huge price fluctuations as the cryptocurrency dropped to devastating lows again last week. BTC made slight recoveries this week - so why is Bitcoin rising today and will it fall again?
The value of cryptocurrency bitcoin plunged last month, and again last week, amid fears trading could become illegal in a number of countries.
South Korea and India have both issued warnings to the market, threatening to pull the plug in a devastating blow to prices.
Already a volatile cryptocurrency, bitcoin hit a record high when it passed $20,000 in December to the delight of investors.
But BTC’s value has since shifted unpredictably, with wild drops and subsequent recoveries seeming to become a never-ending cycle of highs and lows.
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Last week, the value plunged again from nearing £10,000 to $6,000 in just four days.
But after a little recover, the currency now appears stable at between $8,000 and $9,000.
Bitcoin price LIVE: BTC nears $9,000
BTC's price this afternoon stands at $9,321.74 - a rise of 7.39 per cent today with a potential $10,000 return set to arrive before the weekend.
Most of the price volatility seems to be over, and a slow bullish rise to now continue for another half-month or so according to experts.
Why is bitcoin’s price rising and will BTC fall again?
Recent events in the cryptocurrency world have demonstrated just how quickly prices can change - rising to dizzying heights before crashing to catastrophic lows.
The cryptocurrency’s value plummeted ahead of Christmas, at one point dropping by almost $2,000 in just an hour in a terrifying 60-minutes for investors as BTC went into the red.
BTC soon bounced back but tumbled again in mid-January - then recovering again and plummeting at the start of February.
Bitcoin notorious volatility means BTC is expected to continue to shift unpredictably amid fears bitcoin has created a bubble that could burst at any moment.