Bitcoin trading price

"many have been predicting bitcoin could reach the $50,000 - $100,000 to (£36,621 to £73,243) mark in 2021, and if the first week of the year is anything to go by that may well be the case.

Top forex bonus list

Bitcoin price rise: Will Bitcoin keep rising? Why is BTC soaring, bitcoin trading price.

And analysts forecast bitcoin’s record-breaking run could well continue.

Bitcoin price rise: will bitcoin keep rising? Why is BTC soaring?

BITCOIN (BTC) is continuing its upward trajectory, with the flagship crypto today hitting an all-time high. This has led some to ask whether BTC will continue its price spike. Will bitcoin keep rising and why is BTC soaring?

Bitcoin: cryptocurrency surges by over five percent

The price of bitcoin has now achieved a new record high, with the crypto surpassing $37,000 (£ 27,233 ) for the first time in its 12-year history. BTC has fallen slightly in value since its 4am GMT high and is currently trading at $ 37,260 (£ 27,424 ) as of 10.00am GMT, according to coindesk.Com data.

This latest record-breaking high means BTC now boasts a market cap of approximately $650 billion [£476 billion], meaning the digital currency is more valuable than visa and mastercard.

A third all-time price high for bitcoin since december is a clear sign of a bull market

Luno CEO marcus swanepoel

Experts believe bitcoin has benefitted from recent significant institutional investment resulting from economic uncertainty due to the covid-19 pandemic.

And analysts forecast bitcoin’s record-breaking run could well continue.

Marcus swanepoel, CEO of cryptocurrency exchange luno, believes it is noteworthy how jpmorgan strategists this week claimed that bitcoin could break $100,000.

Bitcoin price rise: significant institutional investment is driving BTC's rise (image: getty)

We will use your email address only for sending you newsletters. Please see our privacy notice for details of your data protection rights.

Bitcoin price rise: the crypto surpassing $36,000 (£26,000) for the first time in its history on wednesday (image: coindesk)

Mr swanepoel told express.Co.Uk: "there's every indication that bitcoin will continue to increase in price.

"drops of between 20 30 percent like we saw over the weekend are not entirely uncommon in a bull market, but bitcoin's ability to bounce back and again break its all-time high in such a short space of time indicates a maturity in the market that just hasn't been present in recent bull runs.

"many have been predicting bitcoin could reach the $50,000 - $100,000 to (£36,621 to £73,243) mark in 2021, and if the first week of the year is anything to go by that may well be the case.

“it's early days, but the signs are positive. And, while we all hope for a return to normal as soon as possible, the continuing economic uncertainty will only strengthen the position of bitcoin and increase its standing as an alternative investment in these trying times."

Bitcoin price rise: A third all-time price high for bitcoin since december is a clear sign of a bull market (image: getty)

He added: “bitcoin and cryptocurrencies in general have gained a lot of support in the past few years, and it's perhaps no more evident when looking at jpmorgan.

“from having called bitcoin a ‘fraud’ in 2017, they've now predicted a potential price of up to $146,000 [£107,000] - this turnaround and backing of bitcoin from some of the biggest names in the business is giving the market more confidence than in previous bull runs, and is in a big way responsible for the records bitcoin is now regularly breaking."

The cryptocurrency’s reversal of fortunes is all-the-more dramatic as bitcoin was trading at less than $5,000 [£3,662] as recently as march 2020.

Bitcoin’s remarkable performance has been reflected in the price rise of other major digital currencies.

These include ethereum (ETH), ripple (XRP) and bitcoin cash (BCH).

Bitcoin price today & history chart

Loading chart. (uses javascript)

More data

How much is bitcoin worth today?

Bitcoin is currently worth $ as of the time you loaded this page.

How much was 1 bitcoin worth in 2009?

Bitcoin was not traded on any exchanges in 2009. Its first recorded price was in 2010. Technically, bitcoin was worth $0 in 2009 during its very first year of existence!

How much was 1 bitcoin worth in 2010?

Bitcoin's price never topped $1 in 2010! Its highest price for the year was just $0.39!

Buy bitcoin at these exchanges:

Exchange based in canada

Very high buy and sell limits

Supports interac & wire

This ad promotes virtual cryptocurrency investing within the EU (by etoro europe ltd. And etoro UK ltd.) & USA (by etoro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

How much is bitcoin worth in gold

You can check the bitcoin price in gold, by clicking here.

What determines bitcoin's price?

Bitcoin’s price is measured against fiat currency, such as american dollars (BTCUSD), chinese yuan (BTCCNY) or euro (BTCEUR). Bitcoin therefore appears superficially similar to any symbol traded on foreign exchange markets.

Unlike fiat currencies however, there is no official bitcoin price; only various averages based on price feeds from global exchanges. Bitcoin average and coindesk are two such indices reporting the average price. It’s normal for bitcoin to trade on any single exchange at a price slightly different to the average.

But discrepancies aside, what factors determine bitcoin’s price?

Supply and demand

The general answer to “why this price?” is “supply and demand.” price discovery occurs at the meeting point between demand from buyers and supply of sellers. Adapting this model to bitcoin, it’s clear that the majority of supply is controlled by early adopters and miners.

Supply

Inspired by the rarity of gold, bitcoin was designed to have a fixed supply of 21 million coins, over half of which have already been produced.

Several early adopters were wise or fortunate enough to earn, buy or mine vast quantities of bitcoin before it held significant value. The most famous of these is bitcoin’s creator, satoshi nakomoto. Satoshi is thought to hold one million bitcoins or roughly 4.75% of the total supply (of 21 million). If satoshi were to dump these coins on the market, the ensuing supply glut would collapse the price. The same holds true for any major holder. However, any rational individual seeking to maximise their returns would distribute their sales over time, so as to minimize price impact.

Miners currently produce around 3,600 bitcoins per day, some portion of which they sell to cover electricity and other business expenses. The daily power cost of all mining is estimated around $500,000. Dividing that total by the current BTCUSD price provides an approximation of the minimum number of bitcoins which miners supply to markets daily.

Demand

With the current mining reward of 12.5 BTC per block solution, bitcoin supply is inflating at around 4% annually. This rate will drop sharply in 2020, when the next reward halving occurs. That bitcoin’s price is rising despite such high inflation (and that it rose in the past when the reward was 50 BTC!) indicates extremely strong demand. Every day, buyers absorb the thousands of coins offered by miners and other sellers.

A common way to gauge demand from new entrants to the market is to monitor google trends data (from 2011 to the present) for the search term “bitcoin.” such a reflection of public interest tends to correlate strongly with price. High levels of public interest may exaggerate price action; media reports of rising bitcoin prices draw in greedy, uninformed speculators, creating a feedback loop. This typically leads to a bubble shortly followed by a crash. Bitcoin has experienced at least two such cycles and will likely experience more in future.

Drivers of interest

Beyond the specialists initially drawn to bitcoin as a solution to technical, economic and political problems, interest among the general public has historically been stimulated by banking blockades and fiat currency crises.

Banking blockades

Probably the first such instance was the late 2010 wikileaks banking blockade, whereby VISA, mastercard, western union and paypal ceased processing donations to wikileaks. Following a request from satoshi, julian assange refrained from accepting bitcoin until mid-way through 2011. Nevertheless, this event shone a light on bitcoin’s unique value as censorship resistant electronic money.

The most recent such blockade occurred when mastercard and VISA blacklisted backpage.Com , a craigslist-style site which lists, inter alia, adult services. Adult service providers whose livelihood depends on such advertising have no way to pay for it besides bitcoin.

On the subject of business which banks won’t (openly) touch, there’s no avoiding mention of darknet drug markets. While the most (in)famous venue, silk road, was taken down, the trade of contraband for bitcoins continues unabated on the darknet. Although only 5% of british users have admitted to purchasing narcotics with bitcoin, that figure is likely understated for reasons of legal risk. Finally, the media controversy over darknet markets has likely brought bitcoin to the attention of many who otherwise wouldn’t have encountered it.

Fiat currency crises

A bitcoin wallet can be a lot safer than a bank account. Cypriots learnt this the hard way when their savings were confiscated in early 2013. This event was reported as causing a price surge, as savers rethought the relative risks of banks versus bitcoin.

The next domino to fall was greece, where strict capital controls were imposed in 2015. Greeks were subjected to a daily withdrawal limit of €60. Bitcoin again demonstrated its value as money without central control.

Soon after the greek crisis, china began to devalue the yuan. As reported at the time, chinese savers turned to bitcoin to protect their accumulated wealth.

A current positive influencer of bitcoin price, or at least perception, is the ">argentinian situation. Argentina’s newly-elected president, mauricio macri, has pledged to end capital controls. This would eliminate the wide disparity between the official and black-market peso/USD exchange rates. Argentinians who can purchase bitcoins using black-market dollars will likely avoid considerable financial pain.

Market manipulation

No discussion of bitcoin’s price would be complete without a mention of the role market manipulation plays in adding to price volatility. At that time, bitcoin’s all-time high above $1000 was partly driven by an automated trading algorithms, or “bots,” running on the mt. Gox exchange. All evidence suggests that these bots were operating fraudulently under the direction of exchange operator, mark karpeles, bidding up the price with phantom funds.

Mt. Gox was the major bitcoin exchange at the time and the undisputed market leader. Nowadays there are many large exchanges, so a single exchange going bad would not have such an outsize effect on price.

Major downside risks

It bears repeating that bitcoin is an experimental project and as such, a highly risky asset. There are many negative influencers of price, chief among them being the legislative risk of a major government banning or strictly regulating bitcoin businesses. The risk of the bitcoin network forking along different development paths is also something which could undermine the price. Finally, the emergence of a credible competitor, perhaps with the backing of major (central) banks, could see bitcoin lose market share in future.

Price oddities

Sometimes an exchange’s price may be entirely different from the consensus price, as occurred for a sustained period on mt. Gox prior to its failure and recently on the winkelvoss’ gemini exchange.

In mid-novermber 2015, BTCUSD hit $2200 on gemini while trading around $330 on other exchanges. The trades were later reversed. Such events occur occasionally across exchanges, either due to human or software error.

Bitcoin is ultimately worth what people will buy and sell it for. This is often as much a matter of human psychology as economic calculation. Don’t allow your emotions to dictate your actions in the market; this is best achieved by determining a strategy and sticking to it.

If your aim is to accumulate bitcoin, a good method is to set aside a fixed, affordable sum every month to buy bitcoins, no matter the price. Over time, this strategy (known as dollar-cost averaging), will allow you to accumulate bitcoins at a decent average price without the stress of trying to predict the sometimes wild gyrations of bitcoin’s price.

Bitcoin price news: BTC surges past £24K - and could hit $100K in 2021

BITCOIN (BTC) has marked its birthday by surpassing its highest-ever value today (sunday, january 3).

Bitcoin: cryptocurrency surges by over five percent

Flagship cryptocurrency bitcoin is continuing its remarkable rally by today topping $34,000 for the first time ever. The past twelve months alone have witnessed the cryptocurrency’s value rise by 300 percent. Bitcoin was valued at $33,823 (£24,737) at 6.44am GMT on sunday, january 3, according to coindesk.Com data - only two weeks after passing the $20,000 (£14,627) mark.

BTC’s rehabilitation has been widely-credited to investors increasingly betting on it becoming a mainstream payment method.

The momentum behind bitcoin in recent weeks will only excite investors of the possibility of it hitting $50,000 or perhaps even the $100,000 mark this year

Marcus swanepoel, CEO of luno

Bitcoin is winning growing support as a form of payment online, with paypal among the most recent adopters of digital currencies.

And some analysts also suggest BTC could also benefit from the US dollar falling further, following significant stimulus from the US federal reserve.

Marcus swanepoel, CEO of cryptocurrency company luno, believes the once-volatile bitcoin is showing concrete signs of increased stability.

Bitcoin price news: BTC has marked its birthday by surpassing its highest-ever value today (image: getty)

We will use your email address only for sending you newsletters. Please see our privacy notice for details of your data protection rights.

Bitcoin price news: BTC is continuing its remarkable rally by today topping $34,000 for the first time ever (image: coindesk)

He told express.Co.Uk: “at $20,000, we asked ourselves: what next?

“many of us predicted a further rise for bitcoin in 2021, but few expected to see it smash its all time high yet again, just two days into the new year.

"the momentum behind bitcoin in recent weeks will only excite investors of the possibility of it hitting $50,000 or perhaps even the $100,000 mark this year, which in-turn will sway those who've been sitting on the fence so far.

"more importantly, the consistent nature of these price increases will go some way to allay the fears of volatility that have traditionally been used as a criticism against bitcoin for so long.”

Bitcoin price news: today’s record value coincides with bitcoin celebrating its 12th birthday (image: getty)

This recent undramatic positive price momentum has been interpreted as a change from a time when investors were reportedly attracted by the lure of quick profits.

Industry insiders are now also increasingly viewing BTC as a safe-haven store of value during the coronavirus pandemic.

This is similar to gold, an asset traditionally viewed as particularly robust during periods of market volatility.

Top 3 price prediction bitcoin, ethereum, ripple: bitcoin bull cycle temporarily on hold as altcoins bleed

The cryptocurrency market has opened the week's trading in substantial losses. The market is mainly painted red after bitcoin pulled the majority of cryptocurrencies down. BTC slumped from price levels above $40,000 to an intraday low of around $32,000.

Altcoins appear to have suffered the most, as ethereum's 20% loss in 24 hours shows. Ripple was not spared the axe as it sliced through the support at $0.3 and retested the buyer congestion at $0.26. Litecoin bulls are also gasping for air downstream after losing over 20% of its value. The rest of the losses in the market are double-digit losses, as highlighted by coinmarketcap.

Bitcoin recovery depends on this crucial short-term support

The bellwether cryptocurrency revisited lower price levels marginally above $32,000 on monday during the asian session. The hunt for a local bottom occurred after overhead pressure increased under the new all-time high of around $42,200. Various tentative support levels did little to stop the losses including $40,000, $37,500 and $35,500.

On testing the buyer congestion at $32,000, bitcoin had a reflex rebound above $35,000. Meanwhile, the price is teetering at $35,450 while bulls fight to shake off the bearish pressure. A downward sloping relative strength index seems to have reinforced the bearish grip.

However, closing the day above the immediate support at $35,000 would call for stability while encouraging more buyers to join the market (due to lower prices). Enough volume/tailwind must be created behind BTC to support a sustained recovery back to levels beyond $40,000.

As observed on the 4-hour chart, the trend is generally in the bulls' hands based on the price trading above the three moving averages; the 50 SMA, 100 SMA and 200 SMA. Recovery lacks a catalyst to complete the leg up to $40,000.

If support at $35,000 caves, we can expect overhead pressure to increase significantly. Similarly, panic selling might grip the market if the daily support two at $32,000 is broken, while the bearish leg would have the potential to revisit support three at $30,000.

Ethereum fights to stay above $1,000

The flagship altcoin recently reached a new yearly high at $1,353 but was negatively impacted by the BTC slump to $32,000. Thus ether retested support at $1,000, allowing bulls to avert losses to $900.

Ethereum is trading at $1,085 while fighting tooth and nail to reclaim the position above two key levels: $1,000 and the 50 SMA. Currently, the trend appears to favor the bulls as the RSI on the 4-hour chart reverses its motion above the oversold area.

A daily close above the above-mentioned critical levels may see ethereum embark on the journey back to the yearly high. The move will also increase investor confidence in the token's ability to recover despite massive retracements.

On the flip side, ethereum is not out of the woods yet because closing the day under $1,100 could increase the overhead pressure on the support at $1,000. If losses continue under this critical zone, the price may retest the next anchor at the 100 SMA, marginally above $900. Besides, the primary support lies at $700, but the 200 SMA may absorb some of the selling pressure around $770.

Ripple recovery in the offing

Ripple has suffered dearly in the recent crypto market retracement. From a yearly high of $0.3715, it tested $0.25. The 100 SMA aided in absorbing the selling pressure. Meanwhile, XRP is doddering at $0.285 while immediately supported by the 50 SMA on the 4-hour chart.

Trading past $0.3 remains the bulls' short-term priority. The price action will allow them to shift the focus back to $0.4 and $0.5, respectively. On the other hand, the ongoing recovery appears to have been reinforced by the RSI.

It is worth noting that the bullish outlook will be invalidated if XRP made a daily close under the 50 SMA or the 100 SMA. Support at $0.25 may also be retested and, if broken, the down leg will extend to $0.20.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Fxstreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in open markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of fxstreet nor its advertisers.

Today's cryptocurrency prices by market cap

The global crypto market cap is $875.36B , a 14.88% decrease over the last day.

The total crypto market volume over the last 24 hours is $236.33B , which makes a 38.21% increase. The total volume in defi is currently $15.05B , 6.37% of the total crypto market 24-hour volume. The volume of all stable coins is now $190.14B , which is 80.45% of the total crypto market 24-hour volume.

Bitcoin's price is currently $31,893.50 .

Bitcoin’s dominance is currently 68.78% , an increase of 0.85% over the day.

Showing 1 - 100 out of 4048

Today’s cryptocurrency prices, charts and data

Welcome to coinmarketcap.Com! This site was founded in may 2013 by brandon chez to provide up-to-date cryptocurrency prices, charts and data about the emerging cryptocurrency markets. Since then, the world of blockchain and cryptocurrency has grown exponentially and we are very proud to have grown with it. We take our data very seriously and we do not change our data to fit any narrative: we stand for accurately, timely and unbiased information.

All your crypto market data needs in one place

Here at coinmarketcap, we work very hard to ensure that all the relevant and up-to-date information about cryptocurrencies, coins and tokens can be located in one easily discoverable place. From the very first day, the goal was for the site to be the number one location online for crypto market data, and we work hard to empower our users with our unbiased and accurate information.

We provide live and historic crypto charts for free

Each of our coin data pages has a graph that shows both the current and historic price information for the coin or token. Normally, the graph starts at the launch of the asset, but it is possible to select specific to and from dates to customize the chart to your own needs. These charts and their information are free to visitors of our website.

How do we calculate our cryptocurrency prices?

We receive updated cryptocurrency prices directly from many exchanges based on their pairs. We then convert the number to USD. A full explanation can be found here.

Related links
new to crypto? Learn how to buy bitcoin today.
Ready to learn more? Visit our crypto glossary and learning hub.
Want to look up a transaction? Visit our blockchain explorer.

How do we calculate our crypto valuations?

We calculate our valuations based on the total circulating supply of an asset multiplied by the currency reference price. The topic is explained in more detail here.

How do we calculate the cryptocurrency market cap?

We calculate the total cryptocurrency market capitalization as the sum of all cryptocurrencies listed on the site.

Does coinmarketcap.Com list all cryptocurrencies?

No, we do not list all cryptocurrencies at coinmarketcap. As a company and team, we are very aware that not all coins and projects have good intentions. While we cannot guarantee to exclude them all, we have a vetting process that each coin goes through before it is listed on the site. If we suspect that a coin or project is a scam, it does not get listed.

How big is the global coin market?

At the time of writing, we estimate that there are around 8,000 coins, tokens and projects in the global coin market. As mentioned above, we have a due diligence process that we apply to new coins before they are listed. This process controls how many of the cryptocurrencies from the global market are represented on our site.

What is an altcoin?

The very first cryptocurrency was bitcoin. Since it is open source, it is possible for other people to use the majority of the code, make a few changes and then launch their own separate currency. Many people have done exactly this. Some of these coins are very similar to bitcoin, with just one or two amended features (such as litecoin), while others are very different, with varying models of security, issuance and governance. However, they all share the same moniker — every coin issued after bitcoin is considered to be an altcoin.

What is an ICO?

ICO stands for initial coin offering. Many of the smaller projects in the crypto space — and a few of the largest ones — raised money from private investors around the world in the crypto equivalent of a crowdfunding campaign. Investors would send funds — usually in the form of bitcoin — to the project and receive coin or tokens in return.
Most icos happened in 2017 and early 2018 and used ethereum as a platform of operation via the ERC-20 standard. In 2018, the united states securities and exchange commission (SEC) clarified their rules relating to fundraising for assets, which made it much harder for new cryptocurrency projects to issue their own tokens in this way. Since the appearance of the SEC guidance and the organization’s heightened interest in regulating icos for U.S. Citizens, the number of icos has been reduced substantially.

What is a stablecoin?

Price volatility has long been one of the features of the cryptocurrency market. When asset prices move quickly in either direction and the market itself is relatively thin, it can sometimes be difficult to conduct transactions as might be needed. To overcome this problem, a new type of cryptocurrency tied in value to existing currencies — ranging from the U.S. Dollar, other fiats or even other cryptocurrencies — arose. These new cryptocurrency are known as stablecoins, and they can be used for a multitude of purposes due to their stability.

Which is the best cryptocurrency to invest in?

Coinmarketcap does not offer financial or investment advice about which cryptocurrency, token or asset does or does not make a good investment, nor do we offer advice about the timing of purchases or sales. We are strictly a data company.
Please remember that the prices, yields and values of financial assets change. This means that any capital you may invest is at risk. We recommend seeking the advice of a professional investment advisor for guidance related to your personal circumstances.

If you are investing in cryptocurrency — coinmarketcap.Com is for you

The data at coinmarketcap updates throughout the day, which means that it is possible to check in on the value of your investments and assets at any time and from anywhere in the world. We look forward to seeing you regularly!

Bitcoin’s rally comes to a halt as prices fall most since march

LISTEN TO ARTICLE

Bitcoin fizzled in monday trading as the famously volatile cryptocurrency pulled back after a spectacular new-year rally.

Prices fell as much as 17% in the biggest drop since march before recovering. The losses are small in the context of bitcoin’s broader rally, with a 50% jump in december alone. After a parabolic 2020, the digital currency had started the new year with a bang, surging as high as $34,000 and hitting all-time highs on sunday.

Bitcoin was down 7% to $31,227 as of 12:59 p.M. In london.

“today’s selloff is a reminder this is a relatively new asset, highly volatile, and still yet to find its place in the market,” said adrian lowcock, head of personal investing at willis owen ltd. “there are many (major) hurdles for it to overcome for it to be a useful mainstream asset.”

As ever in the world of crypto, it’s hard to pinpoint the proximate cause for the latest bout of volatility. Bitcoin is up more than 300% over the past year, driven by a speculative fever from retail and institutional investors on the belief that cryptocurrencies are emerging as a mainstream asset class and can act as a store of value.

Believers in bitcoin have pointed to the market’s supply constraints and supposedly rampant money printing by central banks as key drivers of bullish narrative. Others say that cryptocurrencies are a bubble in the making and another sign that crazy risk taking has taken over global markets.

“hot nasdaq stocks, chinese internet plays and promising biotechs all of a sudden seem dull compared to the action unfolding in the crypto-currency space,” said louis gave, co-founder of gavekal research.

After a year that’s seen robinhood investors emerge as a powerful market force, some are wondering whether small traders could move out of technology stocks and into cryptocurrency speculation.

“bitcoin’s growing market cap has to come at someone’s expense,” said gave. “will the marginal retail dollar start to forgo 2020’s robinhood darlings and instead shift toward the roaring crypto market?”

The weaker dollar could also be playing a role in bitcoin’s furious ascent, said paul hickey of bespoke investment group. “the last time the dollar saw a larger six-month decline was in the second half of 2017,” he said. “that’s also the same time that bitcoin first started to go mainstream.”

Bitcoin price today & history chart

Loading chart. (uses javascript)

More data

How much is bitcoin worth today?

Bitcoin is currently worth $ as of the time you loaded this page.

How much was 1 bitcoin worth in 2009?

Bitcoin was not traded on any exchanges in 2009. Its first recorded price was in 2010. Technically, bitcoin was worth $0 in 2009 during its very first year of existence!

How much was 1 bitcoin worth in 2010?

Bitcoin's price never topped $1 in 2010! Its highest price for the year was just $0.39!

Buy bitcoin at these exchanges:

Exchange based in canada

Very high buy and sell limits

Supports interac & wire

How much is bitcoin worth in gold

You can check the bitcoin price in gold, by clicking here.

What determines bitcoin's price?

But discrepancies aside, what factors determine bitcoin’s price?

Supply and demand

Supply

Inspired by the rarity of gold, bitcoin was designed to have a fixed supply of 21 million coins, over half of which have already been produced.

Demand

Drivers of interest

Banking blockades

Fiat currency crises

Soon after the greek crisis, china began to devalue the yuan. As reported at the time, chinese savers turned to bitcoin to protect their accumulated wealth.

Market manipulation

Major downside risks

Price oddities

Live bitcoin price in GBP

bitcoin price live

current price	£ 23,361.21
live high	£ 24,606.14
live low	£ 23,069.76
live change	£ -1050.12 ( -4.31 %)

Live bitcoin price UK - BTC to GBP (£)

The chart above shows the live price of bitcoin - live BTC to GBP price (UK £ sterling). You can access information on the live bitcoin price in british pounds (GBP), euros (EUR) and US dollars (USD) in a wide variety of time frames from live prices updated every 5 seconds to the all-time history.

Bitcoin is considered the premier cryptocurrency; one of a new wave of digital currencies that is rising in popularity in the modern age. Society is very much technology-led these days, so it’s no surprise that cryptocurrency is the latest rising star.

Demand is high both to buy the currency and to use it to purchase other commodities, such as gold and silver, and whilst some financial experts are warning about the lack of transparency involved in bitcoin, many believe that it’s a work in progress and that bitcoin (BTC) is here to stay for the long haul.

Tracking the live price of bitcoin, and value of bitcoin is crucial, as this virtual currency reacts to rises and falls in the market even quicker than gold and silver, so every second counts in trying to make the most of your money and take advantage of the boom period for bitcoin.

Interested in viewing a different bitcoin price in pounds or other currency? Simply see the panel on the left hand side to see some our most popular precious metal and bitcoin charts. Alternatively, use the chart options above to build the chart you want by currency, time frame, weight and metal.

Bitcoin price to rise another 4.6-times to $146,000, jpmorgan strategists predict

‘A crowding out of gold as an alternative currency implies big upside for bitcoin over the long term,’ analysts say

Article bookmarked

Find your bookmarks in your independent premium section, under my profile

Bitcoin’s nine-month market surge may be just the start of a far greater price rally, according to investment banking giant jpmorgan chase & co.

The cryptocurrency is currently trading at around $31,000, having hit a new all-time high on sunday of $34,000. This is up by more than 500 per cent since march, when it was trading below $5,000, but jpmorgan strategists predict it could rise a further 4.6 times to $146,000.

Bitcoin price LIVE: cryptocurrency recovers after record flash crash

A team led by strategist nikolaos panigirtzoglou wrote in a note on monday that competing with gold for investment flows would see bitcoin’s market capitalisation rise to more than $2.5 trillion over the long term.

“A crowding out of gold as an ‘alternative’ currency implies big upside for bitcoin over the long term,” the note stated, according to bloomberg.

However, the strategists warned that such gains were unlikely to be seen in 2021.

“A convergence in volatilities between bitcoin and gold is unlikely to happen quickly and is in our mind a multiyear process. This implies that the above-$146,000 theoretical bitcoin price target should be considered as a long-term target, and thus an unsustainable price target for this year," the note stated.

The prediction follows similarly bullish forecasts by market analysts, with a leaked report from citibank in november projecting bitcoin could reach as high as $300,000 in 2021.

Be inspired with the latest lifestyle trends every week

The report, titled ‘bitcoin: 21st century gold’, warned that a bull run of this scale would likely end in a major price crash, similar to the dips that followed the two major rallies in 2013 and 2017.

“the whole existence of bitcoin has been characterised by unthinkable rallies followed by painful corrections (the type of pattern that sustains a long term trend)," the report stated.

“this move could potentially peak in december 2021… suggesting a move as high as $318,000.”

Bitcoin's volatile history in pictures

1 /10 bitcoin's volatile history in pictures

Bitcoin's volatile history in pictures

Satoshi nakamoto creates the first bitcoin block in 2009

Bitcoin's volatile history in pictures

Bitcoin is used as a currency for the first time

Bitcoin's volatile history in pictures

Silk road opens for business

Bitcoin's volatile history in pictures

The first bitcoin ATM appears

Bitcoin's volatile history in pictures

The fall of mtgox

Bitcoin's volatile history in pictures

Would the real satoshi nakamoto please stand up

Bitcoin's volatile history in pictures

Bitcoin's big split

Bitcoin's volatile history in pictures

Bitcoin's price sky rockets

Bitcoin's volatile history in pictures

What goes up.

Bitcoin's volatile history in pictures

Bitcoin plunges

The market run has been boosted by a huge influx of institutional investment into cryptocurrencies in 2020amid the global economic instability created by the coronavirus pandemic.

Other major cryptocurrencies have mirrored bitcoin’s recent fortunes, with ethereum (ether), litecoin and bitcoin cash all rising by between 20 and 45 per cent over the last seven days.

The combined market cap of all cryptocurrencies is now above $855 billion, according to coinmarketcap, with bitcoin alone worth close to $600bn.

1 /1 bitcoin price to rise another 4.6-times, jpmorgan strategists predict

Bitcoin price to rise another 4.6-times, jpmorgan strategists predict

Comments

About the independent commenting

Independent premium comments can be posted by members of our membership scheme, independent premium. It allows our most engaged readers to debate the big issues, share their own experiences, discuss real-world solutions, and more. Our journalists will try to respond by joining the threads when they can to create a true meeting of independent premium. The most insightful comments on all subjects will be published daily in dedicated articles. You can also choose to be emailed when someone replies to your comment.

The existing open comments threads will continue to exist for those who do not subscribe to independent premium. Due to the sheer scale of this comment community, we are not able to give each post the same level of attention, but we have preserved this area in the interests of open debate. Please continue to respect all commenters and create constructive debates.

Delete comment

Report comment

Please be respectful when making a comment and adhere to our community guidelines.

You may not agree with our views, or other users’, but please respond to them respectfully

Swearing, personal abuse, racism, sexism, homophobia and other discriminatory or inciteful language is not acceptable

Do not impersonate other users or reveal private information about third parties

We reserve the right to delete inappropriate posts and ban offending users without notification

You can find our community guidelines in full here.

So, let's see, what we have: BITCOIN (BTC) is continuing its upward trajectory, with the flagship crypto today hitting an all-time high. This has led some to ask whether BTC will continue its price spike. Will bitcoin keep rising and why is BTC soaring? At bitcoin trading price