Price of bitcoin moves further towards its 'fair price'

The price of bitcoin rises towards the 'fair price', as allotted by ALFAcoins, a reliable payment processor.

Bitcoin's value had rushed forward further since yesterday, showing a 7% hike moving its price above $275 (£179) for the first time since January. 

Darkcoin is a cryptocurrency which focuses on anonymity. It is seen to be trailing bitcoin in its rise in price, making it superior to dogecoin, and is now speculated to develop into the third most important cryptocurrency.

ALFAcoins, a cryptocurrency payment processor, introduced a bitcoin price indicator to highlight the real market value of bitcoin.

According to ALFAquotes, bitcoin's price is around $250 below its "fair price." The project manager of ALFAquotes told CoinDesk, "At the moment, as we can see bitcoin is doubly underestimated and this indicates how good investment attractiveness is toward bitcoin."