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Bitcoin facing bullish trend – BTC to reach $40,000 by end of 2018?
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Bitcoin facing bullish trend – BTC to reach $40,000 by end of 2018?

Bitcoin has faced a tumultuous year so far, beginning 2018 on a high trading at $14,112 (£10,745) in January before plummeting to around $6,000 (£4560.99) in August.

This means the cryptocurrency has lost over half of its value since the beginning of 2018.

The currency has risen back up from its lows, and is remaining somewhat steady around $6,400 (£4,862.88).

Below are live updates of pricing and latest industry opinions, all times in BST.

Bitcoin has been added to the accepted words that can be used in the popular board game Scrabble.

According to the New York Times, dictionary standard setter Merriam-Webster has added more than 300 new word to a list which can be used on Scrabble.

The word Bitcoin joins commonly-used pop culture terminology bestie, ew, arancini, twerk and more than 295 others.

Emily Brewster, associate editor and Lexicographer at Merriam-Webster said Bitcoin and the other new words will be “especially exciting to people to play regularly” and make the game feel “anew.”

The cryptocurrency was added to the Merriam-Webster dictionary in 2016.

At 7.53pm Bitcoin was trading at $6352.64 (£4,818.96).

This is a decline from today’s high of $6,581.51 (£4,991.42) by more than 3.5 percent.

A blockchain payment trial pioneered by JP Morgan in collaboration with Australia’s ANZ and the Royal Bank of Canada has attracted 75 banks to the testing phase according to the Financial Times.

The payments platform Interbank Information Network (IIN) has been in the testing phase for 11 months.

The banks that have signed up for IIN include Societe Generale and Santander among others.

Jason Goldberg, banks analyst at JP Morgan said, “Blockchain is a way to keep more of that [business] in-house.”

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