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Ethereum price news: Has Ethereum gone up? What is the price of Eth...

HEADLINES

Hello and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime.

Bitcoin is currently priced at $9,280, a fall of $338 on the day so far.

Despite the unexpected arrival of Goldman Sachs in the crypto futures space last week, CNBC report today that the first analyst on Wall Street to cover bitcoin is sticking with the party line - don't go there. Yet.

DataTrek Research co-founder Nick Colas said: "It has come down quite a long way, and we're getting a lot of people asking is now the right time to buy."

He added: "The short answer is no."

Mr Colas adds that, "in terms of Google searches, they are way down from the peaks back in December and January — like 85 to 90 percent.

"The second issue is that we're also not seeing a lot of wallet growth."

He warned: "Growth in wallets is just 2.2 percent last month. It was 5 to 7 percent per month all of last year."

Mr Colas said that bitcoin needs more users, adding "then, we have a solid trek higher. Then, interest will reengage."

Updates below throughout the day....