The $200 surge lost steam, however, with the bitcoin price falling back from fresh 2020 highs amid warnings the latest rally, that's seen bitcoin add 30% to its value in the last 30-days, might have come too fast and gone too far. The bitcoin price has tried but so far failed to break into a bull run in 2020. The bitcoin price could be about to fall back to the $8,500 level, according to Bloomberg, a financial newswire. The latest bitcoin rally comes along with an increase in the price of gold, which has climbed as investors fret over the spreading coronavirus. The bitcoin price has soared over the last week but already some bitcoin and crypto analysts have ... [+] warned of a coming correction.

Source: Forbes January 31, 2020 08:41 UTC