Bitcoin price – live: Police steamroll thousands of crypto mining rigs as miners flee China



Bitcoin continues to trade within an uncharacteristically narrow price band, having failed to fall below $31,000 or break above $36,000 throughout July 2021.

The cryptocurrency starts the week at the lower end of that range, spending the weekend bouncing between $31k-$32k.

It has helped usher in a period of relative stability for the broader crypto market, with Ethereum (ether), Cardano (ada), Binance Coin and Ripple (XRP) all avoiding any wild price swings on Monday.

Analysts and experts remain divided over which way the market is heading from here. A market-wide crash throughout May and June is being labelled by some as a blip within a long-term bull market, while others fear it could be the beginning of a so-called crypto winter.

Among the more positive forecasts is billionaire investor Tim Draper, who this week stuck by his $250k price forecast for next year.

You can follow all the latest news, analysis and expert price predictions right here.

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Bitcoin price approaches 2013 record

Bitcoin is approaching the price drawdown it experienced in 2013, when it plunged by 69 per cent from an all-time high before hitting a new record high 197 days after the first one.

With bitcoin’s price currently hanging in the balance, we will need to see a prolonged move in either direction before we see which way of thinking is correct.

Anthony Cuthbertson19 July 2021 11:02

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Hello and welcome…

To The Independent’s live coverage of the crypto market.

We’ll have all the latest updates from bitcoin, Ethereum (ether), Cardano (ada), dogecoin and other leading cryptocurrencies.

Anthony Cuthbertson19 July 2021 10:17



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