AATIF SULLEYMAN
Wednesday 31 January 2018 17:11 GMT



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Bitcoin price – latest updates: Cryptocurrency value dips as South Korea begins crackdown.

THE INDEPENDENT TECH
The value of bitcoin plunged last week, amid fears that trading was about to be banned in South Korea. It then stabilised briefly, before plunging again.

The volatile cryptocurrency hit a record high when it passed $19,850 in mid-December, but then tumbled rapidly, falling to below $12,000 within days.

Its value has shifted unpredictably ever since, with frequent wild drops and recoveries.

It is worth $9,942 as of Wednesday afternoon UK time, according to the Coinbase exchange.

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