The price of bitcoin rose more than twenty-fold in 2017, generating huge amounts of interest in the cryptocurrency.

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 that saw the price of ethereum, ripple and other leading cryptocurrencies tumble.

More recently, bitcoin has shown signs of recovery but its price remains volatile.

Its price is expected to continue to fluctuate unpredictably, and this live blog will be regularly updated with the latest news and significant changes.

:: The Independent’s bitcoin group is the best place to follow the latest discussions and developments in cryptocurrency. Join for the latest on how people are making money – and how they’re losing it.

Live Updates

2 hours ago

The price of bitcoin has provided a well-needed boost for the cryptocurrency market, according to CoinMaretCap.
  1. Bitcoin: $7,681 (£5,392)
  2. Ethereum: $467 (£327)
  3. Ripple: $0.57 (£0.40)
  4. Bitcoin cash: $711 (£499)
  5. EOS: $8.84 (£6.20)
Of the top five most-valuable cryptocurrencies, EOS experienced the biggest gains over the last 24 hours, shooting up by more than 25 per cent.

5 hours ago

After briefly reaching above $8,000, bitcoin is currently trading at around $7,700 on the Coinbase exchange.

5 hours ago

It is still not entirely clear what caused this sudden movement in the market, though some analysts speculate that breaking the $7,000 price point sparked this bull run of enthusiastic investment.

6 hours ago

Here’s the latest on bitcoin’s remarkable return to form, from The Independent’s Anthony Cuthbertson.

6 hours ago

Bitcoin has suddenly shot up by over $1,000 dollars over the last few hours.
More to follow…

9 hours ago

Looking beyond bitcoin, Ripple – the fintech firm known for the highly volatile XRP coin – has invested $25 million into Blockchain Capital.
According to Ripple’s chief market strategist, Ripple hopes for the next Uber or Instagram to be built on its platform.
Here’s Fortune with the exclusive.

9 hours ago

Bitcoin almost rose returned to $7,000 on Wednesday, before a flash crash sent its price back below $6,800, according to the Coinbase price index.
At one point, the price of one bitcoin rose to $6,960, but ultimately failed to break through this barrier. Its value has shifted by less than 1 per cent since this time yesterday, as analysts suggest bull and bear investors have reached a stalemate in recent days.

1 day ago

Bitcoin is inching towards $7,000, having risen just over 1 per cent over the last 24 hours, according to CoinMaretCap.
  1. Bitcoin: $6,912 (£4,869)
  2. Ethereum: $420 (£295)
  3. Ripple: $0.49 (£0.34)
  4. Bitcoin cash: $655 (£461)
  5. Litecoin: $114 (£80)
Bitcoin’s turn of fortunes has had a positive impact on the rest of the top performing cryptocurrencies, with all of the top 10 most-valuable digital currencies experiencing gains since this time yesterday.

1 day ago

The price of bitcoin continues to stagnate below $7,000, rising 1 per cent in value since this time yesterday to $6,853, according to the Coinbase price index.
Analysis of the current market by leading cryptocurrency publication CoinDesk suggests bull investors – those betting the market will improve – and bear investors – those betting the price of bitcoin will decline – has reached a stalemate in recent days.

1 day ago

The price of bitcoin is hovering around its lowest point since November last year – and it might not come back up, experts warn.
Last year’s dramatic price rises were driven by a significant surge in interest in the cryptocurrency late last year.
Analysis from Barclays bank has labelled that fast surge an “infection” – which behaved like a disease, and has now been treated.
Here’s The Independent’s Anthony Cuthbertson with the full story.

2 days ago

The price of bitcoin has continued to fall over the last 24 hours, according to CoinMaretCap, dragging down with it all of the other major cryptocurrencies.
  1. Bitcoin: $6,755 (£4,766)
  2. Ethereum: $396 (£279)
  3. Ripple: $0.48 (£0.33)
  4. Bitcoin cash: $635 (£448)
  5. Litecoin: $113 (£79)
Of the top 20 most valuable cryptocurrencies, only verge experienced any significant gains. The altcoin bucked the downward trend by shooting up in value by 14 per cent since this time yesterday.

3 days ago

The UK’s financial regulator announced on Monday that it is working on guidelines for cryptocurrency policy, set to be published later this year.
The Financial Conduct Authority (FCA) does not have any regulatory scope over cryptocurrencies, however its report could have an impact on future regulation.
Here’s The Independent’s Anthony Cuthbertson with the full story.

3 days ago

Bitcoin’s return above $7,000 was short lived, as it crashed in value by around $400 in the space of a few hours on Monday, according to the Coinbase price index.
Other major cryptocurrencies also experienced a drop in value, according to CoinMarketCap, though none as significant as bitcoin’s most recent demise.

3 days ago

Bitcoin’s price gains have had a positive impact on the rest of the market, with all of the top five cryptocurrencies gaining in value over the last 24 hours, according to CoinMaretCap.
  1. Bitcoin: $7,155 (£5,072)
  2. Ethereum: $425 (£301)
  3. Ripple: $0.50 (£0.35)
  4. Bitcoin cash: $677 (£479)
  5. Litecoin: $121 (£62)
Ethereum has been the best performing of the major cryptocurrencies, rising by almost 10 per cent since this time yesterday.

3 days ago

Bitcoin bounced back above $7,000 over the weekend, rising $500 since Friday to $7,144 on Monday morning, according to the Coinbase price index.
The latest price surge follows several months of steady losses for the world’s most-valuable cryptocurrency, which has lost almost one third of its value in the last month alone.

6 days ago

News from India that the country’s reserve bank is withdrawing support for cryptocurrency businesses briefly led to speculation that India is banning cryptocurrencies.
What such rumours failed to address was that the Reserve Bank of India is not a legislative body and therefore does not have the power to issue such a ban. Read more at The Next Web.
News from India sparked rumours of a potential cryptocurrency ban in the country.

6 days ago

The top five cryptocurrencies round off an underwhelming week with relative stability, with none shifting by more than 1 per cent in price since this morning, according to CoinMarketCap.
  1. Bitcoin: $6,629 (£4,731)
  2. Ethereum: $369 (£263)
  3. Ripple: $0.47 (£0.33)
  4. Bitcoin cash: $606 (£430)
  5. Litecoin: $113 (£88)
Over the last 24 hours, all of the top 20 cryptocurrencies experienced price slides.

6 days ago

Bitcoin’s recent demise continued over the last 24 hours, as it dropped in price by 4 per cent to $6,570, according to the Coinbase price index.
Over the last month, nearly $90 billion has been wiped off bitcoin’s market cap.

6 days ago

The leading cryptocurrencies continue to perform poorly, with all of them dropping in value by 3 to 5 per cent since this time yesterday, according to CoinMarketCap.
  1. Bitcoin: $6,630 (£4,732)
  2. Ethereum: $370 (£264)
  3. Ripple: $0.47 (£0.33)
  4. Bitcoin cash: $621 (£443)
  5. Litecoin: $113 (£88)
Of the top 20 cryptocurrencies, only EOS bucked the downward price trend by experiencing slight gains over the last 24 hours.

1 week ago

The price of bitcoin has steadied over the last 24 hours, dropping by less than 1 per cent to $6,725, according to the Coinbase price index.
This relative stability makes a change from recent market turmoil, which has seen the world’s most-valuable cryptocurrency lose more than one third of its value over the last month.
Load more

Please allow a moment for the live blog to load.

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.

The Independent’s bitcoin group on Facebook is the best place to follow the latest discussions and developments in cryptocurrency. Join here for the latest on how people are making money – and how they’re losing it.