Bitcoin price LIVE: ‘Worthless’ coin facing major crackdown after 30% surge–JPMorgan alert | City & Business | Finance
Bitcoin has suffered some significant value troughs over the past year.
But now it appears ready to rally once again, now destined to meet a landmark target; $60,000 (£43,976.70).
Bitcoin fell victim to the rampant market instability in 2021, most recently in July, when it fell to $29,837.35 (£21,869.14).
The value – its lowest since December 2020 – came as China and some western nations called for tighter regulation.
Since then, it has gradually rallied to nearly double that at $56,555.08 (£41,451.76).
Investors hope the new positive attention directed towards the coin and favourable market conditions will pave the way to $60,000.