Bitcoin price – live updates: Cryptocurrency value struggles below $9,000

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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

2 hours ago

Bitcoin’s brief price gains were short-lived, with the cryptocurrency leading a market-wide dip over the past 24 hours, according to CoinMarketCap
  1. Bitcoin: $8,260
  2. Ethereum: $692 
  3. Ripple: $0.68
  4. Bitcoin cash: $1,216 
  5. EOS: $12 
The biggest loser of the top-five cryptocurrencies was EOS, which fell by more than 13 per cent since this time yesterday.

18 hours ago

Some analysts have attributed bitcoin’s recent price gains to the annual Consensus conference, currently taking place in New York. 
Read more here:

Bitcoin is set for another price surge, analysts predict

The IndependentBitcoin has recovered from its recent price slump, mirroring an annual trend that sees the cryptocurrency surge in value following a major conference in May. The price of bitcoin has risen by 5 per cent in the 24 hours since the Consensus conference kicked off in New York, as the fourth annual blockchain technology summit once again provided a boost to the volatile cryptocurrency.

1 day ago

Bitcoin has seen some modest gains over the past 24 hours, rising just over 3 per cent to $8,704, according to CoinMarketCap
  1. Bitcoin: $8,704
  2. Ethereum: $727 
  3. Ripple: $0.74
  4. Bitcoin cash: $1,413 
  5. EOS: $14 
All other major cryptocurrencies have followed in bitcoin’s lead, with the top five experiencing gains of between 0.5 and 3.5 per cent since this time yesterday.

2 days ago

It’s been a tough old week for bitcoin. And that’s still going on today.
The price has dropped by nearly 11 per cent over the last week, dragging it all the way down to $8,386. Over the last day, it is down 2.4 per cent.
Over the month, it’s still up 4.9 per cent. And over the last year, of course, the numbers are still huge: it’s up 372 per cent.

6 days ago

Facebook has launched a secretive new blockchain project, sparking speculation that the social network could be planning its own cryptocurrency.
Read the full story here:

Is Facebook about to launch its own cryptocurrency?

The IndependentThe biggest management reshuffle in Facebook’s history has revealed the social network’s intentions to develop blockchain technology, though it is not yet clear for what purpose. David Marcus, the former head of Facebook Messenger, announced this week that he will lead an exploratory blockchain group that will report directly to the company’s CTO, Mike Schroepfer.

6 days ago

The price of bitcoin has remained relatively steady over the last 24 hours, shifting by less than one per cent since this time yesterday, according to CoinMarketCap
  1. Bitcoin: $9,340
  2. Ethereum: $762 
  3. Ripple: $0.79
  4. Bitcoin cash: $1,653 
  5. EOS: $18 
Bitcoin cash once again saw the biggest gains of all the major cryptocurrencies, rising by almost 7 per cent since this time yesterday.

6 days ago

Bitcoin might like to think of itself as a global cryptocurrency, but it is yet to reach the level of mass adoption that would warrant that title. 
Instead, another virtual cryptocurrency may come to fill that roll in the coming years, according to a former president of Goldman Sachs.
Read the full story here:

A cryptocurrency is going to take over the word. But it’s not bitcoin, says Trump advisor

There is a pressing need for a global cryptocurrency – but it will not be bitcoin, according to a former advisor to Donald Trump. Technological complications means that bitcoin is limited, but the technology powering it could become incredibly important, said Gary Cohn. The former chief economic advisor, who resigned from the Trump administration in early March, said in an interview on this week that bitcoin’s underlying blockchain technology was more interesting than the actual virtual currency.

6 days ago

Bitcoin is holding steady between $9,000 and $10,000, experiencing modest gains over the last 24 hours of 1.59 per cent, according to CoinMarketCap
  1. Bitcoin: $9,324
  2. Ethereum: $750 
  3. Ripple: $0.80
  4. Bitcoin cash: $1,661 
  5. EOS: $18 
Bitcoin cash saw the biggest gains of all the major cryptocurrencies, rising by 5 per cent since this time yesterday.

1 week ago

It’s been a tough couple of days for bitcoin, and the price is now at $9,130. That’s down 2 per cent over the last day.
But it’s still holding fairly steady over the week. The price is up 0.91 per cent compared with this time last year.

1 week ago

The price of bitcoin saw significant gains over the last 24 hours, rising in value by more than 5 per cent, according to CoinMarketCap.
  1. Bitcoin: $9,774
  2. Ethereum: $800 
  3. Ripple: $0.91
  4. Bitcoin cash: $1,497 
  5. EOS: $17 
Bitcoin’s good form gave a boost to other major cryptocurrencies, with ethereum once again seeing the biggest gains of around 11 per cent since this time yesterday.

1 week ago

Big news for bitcoin: The first major Wall Street bank is set to open a bitcoin trading desk.
Read more here:

Goldman Sachs just got serious about bitcoin

Goldman Sachs will finally launch its widely-rumoured bitcoin trading operation after the investment banking giant succumbed to pressure from clients enthusiastic about cryptocurrency. 

1 week ago

Bitcoin continued its positive price march, albeit at a snail’s pace. The world’s most valuable cryptocurrency saw gains of 0.6 per cent since this time yesterday, according to CoinMarketCap.
  1. Bitcoin: $9,216
  2. Ethereum: $715 
  3. Ripple: $0.84
  4. Bitcoin cash: $1,478 
  5. EOS: $17 
Ethereum saw the biggest gains, rising in value by 5 per cent over the last 24 hours.

1 week ago

Unicef Australia is hoping a novel way of fundraising will help refugee children in Bangladesh: Cryptocurrency mining.

The Australian branch of the children’s charity set up a website called The Hopepage which gives visitors the option of donating between 20 per cent and 80 per cent of their computing power to generate units of the bitcoin rival monero.

 

“We wanted to leverage new emerging technologies to raise awareness about current humanitarian crises and raise funds to support children caught up in them,” said Jennifer Tierney, Unicef Australia’s director of fundraising.

 

Read the full story here:

2 weeks ago

The price of bitcoin continues to hover above $9,000, according to CoinMarketCap.
  1. Bitcoin: $9,149 
  2. Ethereum: $680 
  3. Ripple: $0.85
  4. Bitcoin cash: $1,357 
  5. EOS: $18 
Other major cryptocurrencies have experienced steady price gains over the last 24 hours, with bitcoin cash seeing the biggest rise in value of around 3.5 per cent.

2 weeks ago

The market-wide dip comes after renowned investor Warren Buffett labelled bitcoin and other cryptocurrencies a gamble, not an investment.
Read the full story here:

2 weeks ago

There has been a slight downturn across cryptocurrency markets, with all of the top five virtual currencies seeing a drop in value over the past 24 hours, according to CoinMarketCap.
  1. Bitcoin: $9,067 
  2. Ethereum: $668 
  3. Ripple: $0.83
  4. Bitcoin cash: $1,306 
  5. EOS: $18 
The price falls have seen litecoin slip even further down the leaderboard of the world’s most valuable cryptocurrencies. Having once occupied the number two spot, the altcoin referred to as the silver to bitcoin’s gold is now only the seventh most valuable cryptocurrency.

2 weeks ago

 Speaking of ethereum, the second most valuable cryptocurrency is seen by some as bitcoin’s eventual successor. It’s market cap is currently just under half that of bitcoin, but has seen more significant gains over the last 12 months.
Here’s an explainer on why this is:

2 weeks ago

Bitcoin returned above $9,000 over the weekend, before briefly dipping below the price point again on Saturday morning. Since then, the world’s most valuable cryptocurrency has remained relatively steady at around $9,200, according to CoinMarketCap.
  1. Bitcoin: $9,189 
  2. Ethereum: $678 
  3. Ripple: $0.84
  4. Bitcoin cash: $1,390 
  5. EOS: $18 
Bitcoin’s recent good form has been reflected by other major cryptocurrencies, most notably ethereum, which has risen 5 per cent in value since this time last week.

2 weeks ago

The price of bitcoin has rallied and is currently trading above $9,000 once again, according to CoinMarketCap. 
This is despite analysts warning that cryptocurrency markets face potential disruption from a big sell-off by the defunct exchange Mt Gox. 
Here’s the full story:

A bankrupt bitcoin exchange may be about to cause cryptocurrencies to crash

The IndependentThe defunct cryptocurrency exchange Mt Gox has moved 16,000 bitcoins from its vaults to an unknown address, sparking concerns of an imminent price crash. The current market value of the bitcoins is more than $140 million, according to the CoinMarketCap price index, which values one bitcoin at around $8,800.

2 weeks ago

Bitcoin has fallen back below $9,000, having briefly approached $10,000 earlier in the week, according to CoinMarketCap.
  1. Bitcoin: $8,908 
  2. Ethereum: $635 
  3. Ripple: $0.80
  4. Bitcoin cash: $1,343 
  5. EOS: $14 
Other major cryptocurrencies have experienced mixed fortunes over the last 24 hours, with EOS the only one seeing any real gains. The fifth most valuable token rose in value by 4 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.

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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