BITCOIN PRICE - LIVE UPDATES: CRYPTOCURRENCY VALUE HOLDS STEADY AFTER RECENT HIGHS AND SLUMPS!!

The value of bitcoin has remained somewhat steady after hitting a new record high over the weekend.

The cryptocurrency, which is attracting a huge amount of mainstream attention, passed the $11,800 mark on Sunday night, before dropping sharply and then stabilising.

Its value is $11,699 (£8,716) as of Tuesday morning UK time, according to the Coinbase exchange.

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Its value is up more than 15 per cent over last week, more than 55 per cent over last month, and more than 1,440 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.

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However, there are serious fears that the digital currency has created a bubble that could burst at any moment.

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.