Bitcoin price - latest updates: Cryptocurrency value struggles to regain momentum after slump

The value of bitcoin has held reasonably steady in recent weeks following its rocketing value over Christmas and jittery plummet back to earth in January and February, as governments and central banks around the world continued to raise the spectre of future regulation. The volatile cryptocurrency's value has shifted wildly ever since mid-December - when it hit a record high of more than $19,850 (£14,214) - with frequent heavy drops and speedy recoveries. Bitcoin's value plummeted again shortly before Christmas, dropping by almost $2,000 (£1,449) in just an hour at one point, and almost slipping below the $11,000 mark (£7,970). It then bounced back, before tumbling again in mid-January, recovering again, and plummeting at the start of February before levelling out for the rest of the month and into early March. Aside from the looming prospect of regulation, a series of high-profile thefts have also had a hand in the sudden rapid dips in value bitcoin and its rivals have experienced - the most recent of which was a failed raid on the Binance cryptocurrency exchange.