The value of bitcoin recovered over the weekend after a steady slump during last week.
The cryptocurrency, which is attracting a huge amount of mainstream attention, hit a new record high of $11,879.80 (£8,842) on Sunday night, before dropping sharply and then stabilising somewhat.
Its value is $11,253 (£8,377) as of Monday morning UK time, according to the Coinbase exchange.
Its value is up more than 15 per cent over last week, more than 55 per cent over last month, and more than 1,370 per cent over last year.
Bitcoin is notoriously volatile, and its value is expected to continue to fluctuate wildly.
Naturally, its spectacular rise has coincided with increasing amounts of interest, with more and more people now looking to invest.
Numerous financial experts are advising potential investors to avoid getting involved with bitcoin, though others are speculating that it could keep rising towards the $1m mark.
Bitcoin only exists online, has no central bank and isn't linked to or regulated by any state.
An anonymised record of every bitcoin transaction is stored on a huge public ledger known as a blockchain.
However, transactions made with the cryptocurrency are irreversible, which makes investors in bitcoin attractive targets for cybercriminals.
This article is being regularly updated to reflect bitcoin's latest value.
