Bitcoin price - live updates: South Korea softens trading ban stance as cryptocurrency remains in slump

The value of bitcoin has skyrocketed over recent months, and its rapid rise has 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.

Its price is expected to continue to fluctuate unpredictably, and this live blog will be regularly updated with the latest news and significant changes.

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