Bitcoin, LiteCoin, Ripple, Ethereum in cryptocurrency price bounce back following a disastrous week of pain


The price of Bitcoin has shot past the critical $10,000 mark following a dreadful week which saw its price collapse dramatically. One Bitcoin is worth about $10,170 at the time of writing and appears to be on an upwards trajectory. LiteCoin, Ripple and Ethereum are also bouncing back along with many other major cryptocurrencies. The price rally comes after the crypto exchange Coinbase introduced support for Bitcoin Segregated Witness (SegWit) payments, which makes transactions faster and cheaper. One bitcoin was worth almost $20,000 in December, up by about 1,900 percent from the start of 2017. But since then it has plunged by up to 70 percent from its peak.

 

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