Bitcoin price, litecoin and ethereum value see dramatic surge as cryptocurrency market suddenly gains billions
(Source: independent.co.uk)

clicks | 6 months ago | comments: discuss | tags: bitcoin cryptocurrency ethereum


Article preview (bot search)

(Original link: independent.co.uk)

Bitcoin price, litecoin and ethereum value see dramatic surge as cryptocurrency market suddenly gains billions
The latest price rise comes after months of stagnation for crypto markets Click to followThe Independent Tech
Cryptocurrency markets have seen a dramatic turn-around in fortunes, as bitcoin, ethereum and litecoin experienced a sudden surge in price.
Litecoin, which is often described as the silver to bitcoin's gold, saw the biggest gains, rising by more than 30 per cent in value in the space of just a few hours.
The price rise is the most significant of 2019 and follows months of market stagnation . Join Independent Minds Get the best of The Independent
With an Independent Minds subscription for just £5.99 €6.99 $9.99 a month Get the best of The Independent
Without the ads – for just £5.99 €6.99 $9.99 a month Start your free trial
Bitcoin had been trading close to a seven-week low before the unexpected reversal, which saw it gain more than $200 over the last 24 hours, with one $100 surge coming in the space of just 30 minutes.
The positive market movement will come as a relief to cryptocurrency investors, who have witnessed steadily declining prices ever since bitcoin surged close to $20,000 (£15,400) in late 2017. Shape Bitcoin's volatile history in pictures Show all 8 Bitcoin's volatile history in pictures 1/8 Satoshi Nakamoto creates the first bitcoin block in 2009 On 3 January, 2009, the genesis block of bitcoin appeared. It came less than a year after the pseudonymous creator Satoshi Nakamoto detailed the cryptocurrency in a paper titled 'Bitcoin: A peer-to-Peer Electronic Cash System' Reuters 2/8 Bitcoin is used as a currency for the first time On 22 May, 2010, the first ever real-world bitcoin transaction took place. Lazlo Hanyecz bought two pizzas for 10,000 bitcoins – the equivalent of $90 million at today's prices Lazlo Hanyecz 3/8 Silk Road opens for business Bitcoin soon gained notoriety for its use on the dark web. The Silk Road marketplace, established in 2011, was the first of hundreds of sites to offer illegal drugs and services in exchange for bitcoin 4/8 The first bitcoin ATM appears On 29 October, 2013, the first ever bitcoin ATM was installed in a coffee shop in Vancouver, Canada. The machine allowed people to exchange bitcoins for cash REUTERS/Dimitris Michalakis 5/8 The fall of MtGox The world's biggest bitcoin exchange, MtGox, filed for bankruptcy in February 2014 after losing almost 750,000 of its customers bitcoins. At the time, this was around 7 per cent of all bitcoins and the market inevitably crashed Getty Images 6/8 Would the real Satoshi Nakamoto please stand up In 2015, Australian police raided the home of Craig Wright after the entrepreneur claimed he was Satoshi Nakamoto. He later rescinded the claim Getty Images 7/8 Bitcoin's big split On 1 August, 2017, an unresolvable dispute within the bitcoin community saw the network split. The fork of bitcoin's underlying blockchain technology spawned a new cryptocurrency: Bitcoin cash REUTERS 8/8 Bitcoin's price sky rockets Towards the end of 2017, the price of bitcoin surged to almost $20,000. This represented a 1,300 per cent increase from its price at the start of the year Reuters 1/8 Satoshi Nakamoto creates the first bitcoin block in 2009 On 3 January, 2009, the genesis block of bitcoin appeared. It came less than a year after the pseudonymous creator Satoshi Nakamoto detailed the cryptocurrency in a paper titled 'Bitcoin: A peer-to-Peer Electronic Cash System' Reuters 2/8 Bitcoin is used as a currency for the first time On 22 May, 2010, the first ever real-world bitcoin transaction took place. Lazlo Hanyecz bought two pizzas for 10,000 bitcoins – the equivalent of $90 million at today's prices Lazlo Hanyecz 3/8 Silk Road opens for business Bitcoin soon gained notoriety for its use on the dark web. The Silk Road marketplace, established in 2011, was the first of hundreds of sites to offer illegal drugs and services in exchange for bitcoin 4/8 The first bitcoin ATM appears On 29 October, 2013, the first ever bitcoin ATM was installed in a coffee shop in Vancouver, Canada. The machine allowed people to exchange bitcoins for cash REUTERS/Dimitris Michalakis 5/8 The fall of MtGox The world's biggest bitcoin exchange, MtGox, filed for bankruptcy in February 2014 after losing almost 750,000 of its customers bitcoins. At the time, this was around 7 per cent of all bitcoins and the market inevitably crashed Getty Images 6/8 Would the real Satoshi Nakamoto please stand up In 2015, Australian police raided the home of Craig Wright after the entrepreneur claimed he was Satoshi Nakamoto. He later rescinded the claim Getty Images 7/8 Bitcoin's big split On 1 August, 2017, an unresolvable dispute within the bitcoin community saw the network split. The fork of bitcoin's underlying blockchain technology spawned a new cryptocurrency: Bitcoin cash REUTERS 8/8 Bitcoin's price sky rockets Towards the end of 2017, the price of bitcoin surg...