Cryptocurrency BOOM: Crypto prices soar – how to buy bitcoin, Dogecoin, Ethereum

Elon Musk announces suspension of Bitcoin Tesla purchases

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The value of cryptocurrency has plummeted in recent weeks with most tokens posting negative 24-hour and seven-day averages, most noticeably the largest virtual currency Bitcoin.

Last week nearly every coin in the top ten performing currencies had fallen significantly in value according to CoinMarketCap.

The are multiple reasons for this recent dramatic fall, but experts believe the biggest factor in its decline is the volatile nature of most decentralised digital currencies.

China’s boycotting of the crypto market has not helped matters either.

China has repeatedly taken steps to restrict the use of cryptocurrencies, its latest attack came in the form of an announcement last Friday (May 21) by the government banning the acceptance of cryptocurrency as a form of payment.

However, today’s market shows cryptocurrency markets could be on the rise once again with experts insisting the currency is still healthy to invest in.

The price of bitcoin bounced back at the start of the week after dropping to almost 50 percent of its record high on Sunday, so now could be the best time to buy.

At the time of writing the cryptocurrency bitcoin had dropped sitting at $37,392.47 (£26,370.25).

With its rival Ethereum rising in value by 2 percent over the last 24 hours and Dogecoin increasing in value rising by 0.92 percent in the last 24 hours.

Bitcoin, Dogecoin and Ethereum are three of the biggest players in the virtual currency market, so how can you buy them?

Express.co.uk has pulled together an easy to follow buyers guide so you can jump on the cryptocurrency movement.

How to buy cryptocurrency

Cryptocurrencies can be bought easily online via a cryptocurrency exchange.

Bitcoin, Dogecoin and Ethereum are three of the biggest players in the virtual currency market, so how can you buy them?

Express.co.uk has pulled together an easy to follow buyers guide so you can jump on the cryptocurrency movement.

How to buy cryptocurrency

Cryptocurrencies can be bought easily online via a cryptocurrency exchange.

Popular sites include Binance, Coinbase Pro, Huobi and Kraken.

All you need to do is create an account, verify it and then make a deposit.

Make sure you choose a verified cryptocurrency exchange site, there are plenty of scammers out there.

You should always bear in mind that crypto markets are very volatile, prices fluctuate week on week and there is no guaranteed shot at success.

Be careful before you invest, do your research and never put in more than you can afford to lose.

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