How to predict the price of bitcoin – in pictures

Want to know where the bitcoin price is, how about when the next price correction could happen? Fear not! Just go to the news page on bitcoinandcryptocurrency.com to tell it to you! Today’s top…

How to predict the price of bitcoin – in pictures

Want to know where the bitcoin price is, how about when the next price correction could happen? Fear not! Just go to the news page on bitcoinandcryptocurrency.com to tell it to you!

Today’s top headlines

More than 600,000 bitcoins traded hands on Saturday, the highest number in the 12-month history of bitcoin.

But in real terms, that’s still a tiny fraction of the 4.6m bitcoin that were worth at least $1m (£815,000) at the start of the year. By the end of 2017, investors had liquidated more than $32bn worth of the digital currency.

2018 has been a particularly bad year for bitcoin’s enthusiasts. At least eight people have died trying to make money by trading the digital currency.

China has taken steps to tighten the screws on bitcoin trading, raising the stakes for its economy and the market.

And it appears, it’s an extremely crowded trade. This chart shows how bitcoin has started to resemble a herd of elephants, where there are no real standouts.

Week in review

The price of bitcoin has surged over the last 24 hours as the largest digital currency’s price surge since its mysterious fork last week continues.

In early hours trading on Friday night, bitcoin closed above $11,000. By the end of the day, it hit a $13,000 high – its highest since before Christmas – and has since dipped slightly, trading at around $12,800, at time of writing.

Just minutes before bitcoin hits $13,000, the cryptocurrency’s market capitalisation hit $420bn.

Today’s top price action

Bitcoin’s price surge this week has blown past any previous price movement. As of 9.45am GMT on Saturday, bitcoin’s price is up nearly 44% on the week. It is up more than 77% on the month.

Leave a Comment