Wednesday 31 January 2018 17:11 GMT
Bitcoin price – latest updates: Cryptocurrency value dips as South Korea begins crackdown.
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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.