Bitcoin price LIVE update: Bitcoin makes dramatic comeback after CRASHING over weekend

Bitcoin made huge surges in just 12 hours today as dramatic trading saw the cryptocurrency regain £7.6 billion ($10 billion) in its value after heavy losses over the weekend.
Bitcoin rallied 11 per cent in just over half a day to trade back above $6,000.
The digital currency started trading at $5,857.32 on Monday and rose nearly 15.6 percent to a session high of $6,770.37, according to data from industry website CoinDesk.
The resurgence in the online currency followed a dramatic crash in the value of Bitcoin over the weekend when a sell-off was sparked by developers calling off plans to implement the SegWit2x upgrade to the bitcoin network.
Bitcoin's market capitalisation, or the total value of all the virtual coins in circulation, rose over $10billion in the same time period, according to industry website Coinmarketcap.com.
Recently there has been dramatic trading in Bitcoin and only last week it hit a record high of  $7,879.06 that was attributed to factors including CME Group announcing plans to offer bitcoin futures contracts, and some favourable regulation in countries like Japan, which has legalised bitcoin as a method of payment.
Earlier this year, bitcoin's underlying blockchain technology split in a process known as a "hard fork".
This happened twice, causing the creation of two new cryptocurrencies: bitcoin cash and bitcoin gold.

Economist John Normand: Bitcoin hits 'SURGE in popularity'

fell to as low as $5,555 on Sunday in a weekly fall of 22 per cent, its biggest since early July as some traders dumped it for a clone called Bitcoin Cash.
But Bitcoin cash has also suffered a similar fate, despite soaring to a record high on Saturday.
Some sceptics have called Bitcoin’s rapid advance a bubble but the digital currency has become too big for many to ignore.

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