The price of bitcoin has shot up by almost $500 over the last 24 hours, causing a market-wide cryptocurrency resurgence that has seen ethereum, ripple and bitcoin cash surge in value by between 10 and 20 per cent.
Bitcoin’s latest gains come one week after bitcoin bucked months of steadily decreasing prices by rising more than $1,000 in the space of one hour.
The world’s most valuable cryptocurrency has since consolidated its gains and is now heading towards $9,000 for the first time since March. At the time of writing, bitcoin’s price was $8,516, according to CoinMarketCap.
Sourced through Scoop.it from: www.independent.co.uk