Bitcoin price latest: Value of all biggest cryptocurrencies, including Ripple XRP and ethereum, see huge climb
Digital currencies are gradually reversing the dramatic plunge seen in recent weeks
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Bitcoin and other digital currencies are surging as the market continues to recover.
The price of every big digital currency has risen by significant amounts. Bitcoin, the biggest of them, has risen nearly 13 per cent over the last day and is nearly at $10,000.
Cryptocurrencies are continuing to make back many of the losses sustained when the market plunged in recent weeks. They are still far from the heights of December – when bitcoin nearly hit $20,000 – but are a long way from the dramatic lows hit when the price dropped after that.
Every single one of the top 50 biggest digital currencies is up over the last 24 hours, according to the site CoinMarketCap. Many of them, including bitcoin, have risen well over 10 per cent.
Bitcoin has risen more than 700 per cent over the last year, and digital currencies are outperforming every other kind of asset. That rise has brought with it new attention – but for the most part that has also led to more people pouring money into the market, and rising prices.
The cryptocurrency market has been hit by a number of fears and concern in recent weeks. Regulators continue to suggest that they could clamp down on the market, and hacks and other cybercrime have blighted the market and the exchanges that power it.
But that hasn't stopped it from reaching record heights in recent months. Even the current price of bitcoin, while well below the record sustained in December, is much higher than it had ever been at any point before the end of 2017.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments