Bitcoin price news 2018: Why is bitcoin rising today? Will BTC fall again? | City & Business | Finance

The value of cryptocurrency plunged last month, and again last week, amid fears trading could become illegal in a number of countries.

South Korea and India have both issued warnings to the market, threatening to pull the plug in a devastating blow to prices.

Already a volatile cryptocurrency, bitcoin hit a record high when it passed $20,000 in December to the delight of investors.

But BTC’s value has since shifted unpredictably, with wild drops and subsequent recoveries seeming to become a never-ending cycle of highs and lows.

Last week, the value plunged again from nearing £10,000 to $6,000 in just four days.

But after a little recover, the currency now appears stable at between $8,000 and $9,000.

BTC’s price this afternoon stands at $9,321.74 – a rise of 7.39 per cent today with a potential $10,000 return set to arrive before the weekend.

Most of the price volatility seems to be over, and a slow bullish rise to now continue for another half-month or so according to experts.

Why is bitcoin’s price rising and will BTC fall again?

Recent events in the cryptocurrency world have demonstrated just how quickly prices can change – rising to dizzying heights before crashing to catastrophic lows.

The cryptocurrency’s value plummeted ahead of Christmas, at one point dropping by almost $2,000 in just an hour in a terrifying 60-minutes for investors as BTC went into the red.

BTC soon bounced back but tumbled again in mid-January – then recovering again and plummeting at the start of February.

Bitcoin notorious volatility means BTC is expected to continue to shift unpredictably amid fears bitcoin has created a bubble that could burst at any moment.

The so-called real Wolf of Wall Street, Jordan Belfort, warned the bitcoin bubble will burst and hurt ‘honest people’ who invested in the cryptocurrency.

He said: “The ones who are getting there because they’ve been sold the bill of goods, they believe, and these are not stupid people,…

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