RATE Group | Bitcoin price prediction: China-induced surge will continue if cryptocurrency defies dre…
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Bitcoin price prediction: China-induced surge will continue if cryptocurrency defies dre…

28 Oct Bitcoin price prediction: China-induced surge will continue if cryptocurrency defies dre…

Posted at 19:33h in Cryptocurrency News by

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The price of bitcoin has levelled off following wild market swings over the last few days, though experts predict more volatility for the cryptocurrency.

It is currently trading at around $9,300 (£7,200), having dropped below $7,500 last week amid questions over Facebook’s Libra cryptocurrency project and reports that quantum computers could pose a threat to bitcoin. This dip was shortly followed by a major price surge that saw bitcoin briefly reach above $10,000 over the weekend. 

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