Bitcoin price – LIVE: Cryptocurrency value steadies after spectacular ‘cooling off’ crash
Bitcoin has experienced a remarkable price resurgence in recent months, rising close to a record all-time high after more than two years of plummeting prices.
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The latest rally of the notoriously volatile cryptocurrency comes amid a flurry of institutional investment news, which has taken btc close to the peak it reached in December 2017 of $20,052 (£15,025).
Video: Bitcoin Steadies After Biggest Slump Since March’s Meltdown (Bloomberg)
Other major cryptocurrencies – including Ethereum (ether), Ripple (XRP) and bitcoin cash – are also climbing in value, though remain a long way off their record highs. A flash crash saw an expected market cool off, though some analysts still predict positive movement leading up to Christmas.
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