The value of bitcoin skyrocketed in 2017, and its rapid rise generated huge amounts of interest in it and other cryptocurrencies.
However, bitcoin is notoriously volatile, and numerous financial experts have advised people not to get involved, fearing this to be a bubble that could burst at any moment.
Recent events have demonstrated just how quickly the situation can change for investors.
After hitting a record high of more than $19,850 in mid-December, bitcoin’s value tumbled to $12,000 within days. It then surged again, before tumbling in mid-January amid fears that trading could be banned in South Korea and China.
Its price is expected to continue to fluctuate unpredictably, and this live blog will be regularly updated with the latest news and significant changes.
Please allow a moment for the live blog to load.
We’ve teamed up with cryptocurrency trading platform eToro. Click here to get the latest Bitcoin rates and start trading. Remember that returns are not guaranteed, so you could get back less than you invested.
