Bitcoin price news: How much is bitcoin worth today? Will BTC keep improving?

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HomeFinanceCity & BusinessBitcoin price news: How much is bitcoin worth today? Will BTC keep improving?
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Bitcoin price news: How much is bitcoin worth today? Will BTC keep improving?
BITCOIN prices continue to rise after a bumper week in the cryptocurrency market. How much is bitcoin worth today? Will BTC keep improving?
By OWEN GOUGH
PUBLISHED: 21:01, Fri, Apr 20, 2018 | UPDATED: 21:13, Fri, Apr 20, 2018

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Bitcoin price news: How much is bitcoin worth today? Will BTC keep improving?GETTY

Bitcoin price news: How much is bitcoin worth today? Will BTC keep improving?
Bitcoin prices have shot up more than $500 in a 24-hour flurry of trades that have pushed the entire market up.

Bitcoin increased by 3.3 percent in the space of an hour tonight, placing trades at $8,522.22 as of 9pm today.

All cryptocurrencies have risen with the tide, with Ethereum going up by 7.74 percent to trade at $586.

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Ripple bounced by 18 percent to trade close to $1 at 40.859. Bitcoin Cash is trading over $1,069, while Litecoin is trading at $149.

The cryptocurrency market appears to have recovered from a torrid first quarter in which it lost more than 50 percent of its market value in three months.

However, recent results will give BTC its first back-to-back weekly gain in 2018.Will BTC keep improving?
Bitcoin has had some positive PR in recent weeks, pushing prices steadily up in late-April.

Last week, an Islamic scholar declared bitcoin and other cryptocurrencies halal under Sharia Law, potentially opening up the market to 1.8 billion Muslims around the world.

On Monday, IMF boss Christine Lagarde wrote a blogpost in which she detailed the benefits of bitcoin and its underlying blockchain technology.

Fundstrat co-founder Tom Lee also asked traders in a poll where bitcoin will be by the mid-year.

Results from the poll show 64 percent of traders seeing BTC prices soaring past $12,000.

Bitcoin could finally be back on the rise