Bitcoin price LIVE: Bitcoin fell overnight

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8.15am MORNING HEADLINES Good morning, and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime. Bitcoin is currently priced at $6,069 after another fall last night from yesterday's high of $6,241. This week we're responding to comment from Brian Kelly, founder and CEO of BKCM LLC, who replied to questions on the latest BTC price plunge by telling CNBC on Sunday - "this is not the funeral for bitcoin whatsoever." Bob Loukas, the founder of Bitcoin.Live told Express.co.uk that much of today's volatility is part and parcel of waiting while the "excesses of the 2017 bull market to wear off.” He said: “I agree with Brian Kelly, bitcoin is far from dead and we predict this fall will not be the end but another trial after which it is looking to emerge even stronger. "From an investor’s standpoint, bitcoin’s ability to weather multiple attacks and price collapses, while remaining to be a great performing asset in the past decade, is beginning to gain trust in the marketplace.” “The world is continuously watching the rise and fall of bitcoin from a very close proximity. What needs to happen if for investors to look at the progress of this cryptocurrency over time."

It’s a social movement. It’s an epidemic of enthusiasm. It is a speculative bubble. That doesn’t mean that it will go to zero. Robert Shiller

Mr Loukas cites similar patterns of adoption with other radical technologies, adding that "although it is currently going through a bear market it's just going to take more time for all the excesses of the 2017 bull market to wear off.” He said: "For bitcoin, it started out perceived as this unknown and underground anarchist movement to what is becoming an accepted currency and an enterprise adopted technology.” Got something to add? Send your reaction / thoughts / analysis / price predictions over to @DavidGDawkins. Updates below throughout the day....

Bitcoin price LIVE: BTC could slip to $5k

09.11am - Crypto still a social movement? Nobel economics prize winner Robert Shiller told Bloomberg yesterday that bitcoin is a social movement whose popularity splits along geographic lines. He said: “The East Coast is less into it than the West Coast. “Silicon Valley is really into it. This to me shows that this is not a rational response to new information. “It’s a social movement. It’s an epidemic of enthusiasm. It is a speculative bubble. That doesn’t mean that it will go to zero.”

Facebook reverses crypto ad ban

10.45am - Facebook drops ad ban Facebook has decided to reverse its controversial crypto ad ban. Iqbal Gandham, UK Managing Director at eToro, told Express.co.uk: "We have always advocated for a more sophisticated approach to cryptocurrency advertising, as we believe legitimate providers shouldn't be lumped in with rogue operators. "Customer safety and education about the market should remain a priority, but a blanket ban is a poor approach to new ideas. "Technology giants like Facebook are aware of the potential of blockchain technology to fundamentally change the financial system, so it is good to see that they are giving their customers a chance to contribute." 11.48am - BTC in the green Bitcoin has climbed $48 on the day so far.

13.00pm - How to solve a problem like price volatility? Max Kortrakul, CEO of cryptocurrency trading platform Carboneum told Express.co.uk: “Over the last few days the price of Bitcoin has fluctuated hitting a low of $5,825 for 2018. Many would presume that the death of bitcoin is upon us due to its steady decline in value since the beginning of the year but in my opinion this is certainly not the case. "Volatility and the cryptocurrency market go hand in hand and Bitcoin’s price has always been exposed to external factors that have affected its market value such as large sell offs or security breaches. Bitcoin is now back up to over $6,000 which shows there is still optimism within the market.” “Increasing security measures on exchanges and trading platforms will help decrease some of the external factors that affect the price of Bitcoin. This will put investors’ minds at ease by decreasing the risk of hacking and therefore, the trader will invest more in Bitcoin and cryptocurrencies as a whole.”

The 10 richest people in Cryptocurrency Wed, February 7, 2018 Cryptocurrency: 10 of the wealthiest people in Cryptocurrency according to Forbes first ever Crypto rich list. Play slideshow Getty 1 of 11 The richest people in Cryptocurrency

14.20 - What would or could trigger a crypto resurgence? Samuel Leach, CEO & Founder of Samuel & Co says that for crypto to rebound there would need to be clear regulation guidance with a focus on protecting investors from being hacked and losing their holdings. He said: "How and what these regulations will look like is another matter and could take at least another 12 months. Additionally, countries and large use cases of either cryptos or blockchain technology would make the crypto market thrive." On the arrival of the much-hyped institutional money, he said: "This is very early stages for institutions – Goldman Sachs made the announcement they are launching a cryptocurrency trading desk and others are following suit. "This gives institutions the ability to speculate on downwards movements as well as up."

Steve Wozniak, Apple founder