Bitcoin price surge ‘IMMINENT’ as key platform could send value ‘SOARING’ - expert claims

THE BITCOIN (BTC) market “is looking for a catalyst to make its decisive move, which may be imminent”, amid a key platform’s launch that could “send bitcoin's price soaring,” a cryptocurrency expert has predicted.

Bitcoin price news: BTC could be about to experience a vast surge in value (Image: GETTY)

The optimistic forecast comes despite the virtual asset suffering significant price drops throughout the year as it experienced vast swings in value over short periods of time.

BTC’s value reached record highs in January, hitting more than $20,000 (£15,000) per coin, before plummeting to a low of about $5,900 (£4,600) in July, according to CoinMarketCap.

Since then prices have not returned to their former highs, with the digital currency valued at $6,300 (£4,900) at the time of writing.

More recently, BTC has experienced a gloomy couple of days of trading as its price fell sharply by $200 (£157) in just 24 hours between October 29 and 30, according to CoinMarketCap.

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https://www.express.co.uk/finance/city/1038673/Bitcoin-price-news-surge-BTC-deVere-Group-etoro-coin-market-cap