Bitcoin price news: What is the price of bitcoin today? Is BTC rising? | City & Business | Finance

Last weekend, the cryptocurrency saw a slump as it fell below $7,300, but the token later benefited from an increase after China affirmed their position on blockchain.

Fluctuating prices are nothing new for bitcoin, as it reached highs of $19,500 last December yet dipped below $6,000 in a shock crash in February this year.

Bitcoin prices increased dramatically last year due to speculation on the large but still mostly unproven potential of blockchain.

The market fluctuates daily and today has seen XRP drop by 0.64 percent today, Ethereum fell to $574.83, while Litecoin lost 1.94 percent to trade at $117.41.

What is the price of bitcoin today?

As of 3.40pm BST,  BTC is trading at $7,428.43, down by 0.78 percent from the start of the day.

Friday has seen highs of  $7,596.56 for the cryptocurrency giant but has since dipped in value.

While prices dipped sharply at around 1pm, it appears heading toward the afternoon and evening prices are on a slow rise again.

Is bitcoin’s price…