RATE Group | Bitcoin price surges 10% despite dire predictions about future
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Bitcoin price surges 10% despite dire predictions about future

Bitcoin price surges 10% despite dire predictions about future

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The plummeting price of bitcoin has seen a brief respite over the last 48 hours, with the cryptocurrency rising in value by more than 10 per cent.

The market turnaround comes after nearly a year of declining prices that has seen bitcoin fall from close to $20,000 (£16,000) in December 2017, to today’s price of $3,500.

Other major cryptocurrencies have experienced similar price rallies, including ripple, ethereum and stellar,…

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