Bitcoin price- cryptocurrency value steadies after heavy recent fall

The value of bitcoin plunged last week, amid concerns that trading was going 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. However, it now appears to have stabilised.

It is worth $10,989 as of Wednesday morning UK time, according to the Coinbase exchange.!