Bitcoin has recuperated with a 5 percent increase in price during the last 24 hours, all thanks to a Consensus conference that focuses on blockchain technology.
– The 4th annual blockchain technology summit was held in New York City.
– Prior to this price recovery, Bitcoin hit a three-week low.
– It’s been predicted that the lowest price of Bitcoin this year has already been hit in February.
That lowest February price this year is amounting to $6,500, meaning prices of bitcoin from now on will be higher, at least according to some experts.
Analysts also said that this year, the largest blockchains will continue to thrive, such as Ethereum.
For now, the latest price of bitcoin is just a little above half of what its price was during the last quarter of 2017.
During that time, bitcoin hit an all-time high of $20,000.
According to Vitalik Buterin, founder of Ethereum, cryptocurrency values can reach zero any time, so he advises people to be careful and only put money in cryptocurrency if they can afford to lose it.
Read more about the article written by Anthony Cuthbertson at – www.independent.co.uk