Expert explains theories behind Bitcoin surge...
Bitcoin prices reaches reached £7,529.77 ($10,009) on the CEX trading platform earlier today, before slightly dipping in value.
Since the start of the year, the cryptocurrency has achieved the incredible feat of increasing more than 1,000 per cent in value.
But despite the incredible growth, economists are still apprehensive of the tokens inherent volatility and signs it could be a price bubble.
Just two weeks ago, bitcoin investors took a hit when the tokens prices plummeted over 20 per cent before bouncing back.
Bitcoin prices reaches reached £7,529.77 ($10,009) on the CEX trading platform earlier today, before slightly dipping in value.
Since the start of the year, the cryptocurrency has achieved the incredible feat of increasing more than 1,000 per cent in value.
But despite the incredible growth, economists are still apprehensive of the tokens inherent volatility and signs it could be a price bubble.
Just two weeks ago, bitcoin investors took a hit when the tokens prices plummeted over 20 per cent before bouncing back.
When I read your post, BTC has experienced a rise to the peak price and then dropped dramatically floor price and is now tending to increase markedly each day. Explaining the reasons for the price increase to the peak is due to the attraction of the BTC is too large. In my country - where the BTC is banned at this time, there is a great deal of interest from the newbie to the more experienced investing in cryptocurrency, especially BTC. Due to the excessive volume of investment and holding in BTC, the BTC exchange rate has increased rapidly in recent times
