cryptocurrency

Bitcoin price live: Latest updates as cryptocurrency holds firm at $7,000



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


Goldman Sachs has been leading the charge among Wall Street giants into the cryptocurrency space, with further rumours mounting that the bank is now planning to hold bitcoin and other digital currencies on behalf of funds betting on cryptocurrency.

 

The news, first reported by Bloomberg, follows reports in May that the firm is setting up a bitcoin trading desk.

 

Read the full story here: 

 

It’s been another turbulent week for bitcoin, dropping by more than $1,000 to take its value back below $7,000, according to CoinMarketCap.

 

  1. Bitcoin: $6,996
  2. Ethereum: $409
  3. Ripple: $0.42
  4. Bitcoin Cash: $696
  5. EOS: $7.01

 

Other major cryptocurrencies mirrored bitcoin’s fortunes, with ethereum, ripple, bitcoin cash and EOS all suffering significant losses over the last seven days. Over the last 24 hours, however, markets have steadied, with none shifting by more than 1 per cent in value since this stime yesterday.

For the first time since May bitcoin has broken above $8,000 – and it’s showing no signs of slowing down. 

 

“This is an extremely exciting period for cryptocurrencies and blockchain technology with increased interest from Tier 1 banks and financial institutions,” David Sapper, COO of Blockbid, told The Independent

 

Read the full story here: 

 

Here’s how the rest of the major cryptocurrencies are performing, according to CoinMarketCap:

 

  1. Bitcoin: $7,975
  2. Ethereum: $468
  3. Ripple: $0.45
  4. Bitcoin Cash: $834
  5. EOS: $8.04

Bitcoin is continuing its remarkable resurgence, pushing close to $8,000 on Tuesday, 24 July. 

 

Read why it’s happening here:

 

Bitcoin has experienced further price gains over the weekend, rising by almost $300 since Friday, according to CoinMarketCap.

 

  1. Bitcoin: $7,737
  2. Ethereum: $465
  3. Ripple: $0.46
  4. Bitcoin Cash: $822
  5. EOS: $8.24

 

Bitcoin cash mirrored bitcoin’s price rise of 4 per cent since this time yesterday, however the rest of the major cryptocurrencies remained relatively stable. Of the top five, only EOS saw its price fall over the weekend.

The price of bitcoin continues its recovery, with a further gain of 1 per cent over the last 24 hours, according to CoinMarketCap.

 

  1. Bitcoin: $7,457
  2. Ethereum: $463
  3. Ripple: $0.45
  4. Bitcoin Cash: $791
  5. EOS: $8.36

 

Unfortunately for the rest of the top five cryptocurrencies, the overall market has suffered from heavy losses since this time yesterday. Ethereum, ripple, bitcoin cash and EOS all fell by between 2 and 6 per cent.

Bitcoin has sustained its recent rally, holding above $7,300 since its 10 per cent price surge earlier this week.

 

  1. Bitcoin: $7,333
  2. Ethereum: $477
  3. Ripple: $0.48
  4. Bitcoin Cash: $815
  5. EOS: $8.47

 

Other major cryptocurrencies were not able to maintain their gains, however, with the rest of the top five falling between 4 and 6 per cent over the last 24 hours, according to CoinMarketCap.

The price of bitcoin surged by more than $300 since this time yesterday, as news that BlackRock may be planning something major.

 

  1. Bitcoin: $6,711
  2. Ethereum: $470
  3. Ripple: $0.47
  4. Bitcoin Cash: $792
  5. EOS: $7.93

 

The top five cryptocurrencies rose by between 2 and 5 per cent over the last 24 hours, according to CoinMarketCap

Bitcoin’s continued resurgence received a boost following news that investment firm BlackRock is looking to move into the cryptocurrency space. 

 

The cryptocurrency rose 4 per cent in value, taking the digital currency back above $6,600 – still well below its 2017 high, when it peaked at close to $20,000.

 

The price of bitcoin saw modest gains over the weekend, rising steadily by around $200 since Friday, according to CoinMarketCap

 

  1. Bitcoin: $6,374
  2. Ethereum: $452
  3. Ripple: $0.44
  4. Bitcoin Cash: $726
  5. EOS: $7.32

 

The rest of the top five cryptocurrencies saw similar gains, with EOS rising by more than 4 per cent over the last 24 hours. 

 As cryptocurrency continues to struggle to really break into the mainstream, two new devices could go some way towards addressing that. 

 

The Finney Phone by Sirin Labs and the HTC Exodus both claim to be the world’s first blockchain smartphone, offering in-built cryptocurrency wallets and the possibility of decentralised applications that could “reshape the internet.”

 

Read more about the Finney phone here:

 

 

And the HTC Exodus here: 

 

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:

 

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.

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.

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.

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.

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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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