The value of bitcoin continues to hover above $8,000 after last week's dramatic price surge, which saw the world's most valuable cryptocurrency gain more than $1,000 in the space of an hour.
The volatile cryptocurrency’s price 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. Its price plummets back to earth in January and February, as governments and central banks around the world raised the specter of future regulation.
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 leveling out for the rest of the month.
March saw bitcoin's price drop below $10,000, reaching a low of $6,500 before rebounding above $7,000.
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 Finance cryptocurrency exchange.
Google's announcement that it would ban cryptocurrency advertising from its pages from June on the grounds that it considers it "deceptive content" was also a major blow to the sector.
Recent goings-on has demonstrated just how quickly things can change for investors.
It is worth $8,178 as of Thursday morning, down considerably on the recent high of $11,640 (£8,414) it achieved in early March, according to the Coinbase exchange.
Its value remains less than 1 percent off its price this time yesterday but is up by around 6 percent week-on-week. Since last month, bitcoin's value has fallen by 3 percent. The latest price gains follow a week of steady losses for the world's most valuable cryptocurrency.
Bitcoin's rise last year meanwhile led to increasing amounts of interest in other digital currencies, such as ethereum, litecoin, and ripple XRP - all of which have performed well recently - and more and more people are now looking to invest in digital currencies.
Numerous financial experts have advised potential investors to avoid getting involved with bitcoin, and the US Securities and Exchange Commission has told people to "exercise caution" and be wary of scammers.
But others have speculated that it could eventually rise towards the $1m (£724,549) mark.
Bitcoin has no central bank and is not linked to or regulated by any state.
An anonymized record of every bitcoin transaction is stored on a huge public ledger known as a blockchain.
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