Cryptocurrency comeback?

Bitcoin, Ripple, Ethereum and LiteCoin prices up as markets rally

Jasper Hamill

Thursday 18 Jan 2018 3:34 pm

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Bitcoin, Ripple, Ethereum and LiteCoin prices up as markets rally

 

The bottom fell out of the cryptocurrency markets this week as hundreds of virtual coins experienced huge drops in value.

But the price of Bitcoin and all the other major cryptocurrencies are experiencing a rally today, buoying up following a ‘bloodbath‘ which led to dramatic price plunges.

Yesterday afternoon, one Bitcoin was worth about $9,280 (£6,706) – which is a long way from the peak of almost $20,000 (£14,462) it hit at the end of 2017.

Now the price of the world’s most famous virtual coin has now rebounded and is sitting at about $11,200 (£8,096), according to Coindesk.

Yesterday, anyone who scrolled through the cryptocurrency price listings on CoinMarketCap was met with a sea of red. Today, the picture is quite different.

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