2016/08/22 12:00 PM

Bitcoin has jumped in price again. Following a near two-week excursion down south, bitcoin has hit a detour and is now hovering at $581 as of press time. That’s a near $10 rise since our previous price piece. However, the price is still down overall. Although many factors may be contributing to bitcoin’s slight slump, many seem to believe that ransomware poses a particularly nasty threat to the currency’s future.

Also read: Bears and Bulls Continue to Battle Over Bitcoin Price

Bitcoin-Related Ransomware on the Rise

In one of our more recent articles, bitcoin’s competition with the U.S. dollar was presented as a potential reason behind the coin’s continual stoop. A recent analyst says that bitcoin is now holding its ground, and is “poised for more gains” in the coming weeks.

The source states:

“Bitcoin price earlier this past week traded a few points lower against the US Dollar. Later, it started trading in a…

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