7.30am MORNING HEADLINES
Good morning, and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime.
Bitcoin is priced at $9,577 at time of press after putting on a $1,000 overnight.
Data from Google shows that there is a direct relationship between bitcoin’s price and the number of searches made on the primary internet search engine.
According to CoinTelegraph, during February’s crypto market slump that sent BTC below $7000, the number of Google searches for ‘bitcoin’ dropped to the lowest levels since October of 2017.
Unsurprisingly searches for ‘bitcoin’ peaked between December 17-23, coinciding with Bitcoin’s price rising to above $20,000 for the first time on December 17, 2017.
However, since mid-February, searches for ‘bitcoin’ have fallen and the price has fallen to below $10,000.
Updates below throughout the day….
8.37am – UPDATE – Ripple to team up with Amazon?
Joesph Carey reports on long-standing rumours that Amazon is developing its own cryptocurrency and has registered domains including – amazonethereum.com, amazoncryptocurrency.com and amazoncryptocurrencies.com.
If Ripple formed part of this project then prices against BTC could rise dramatically.
Read the full report here.