Bitcoin price remain below $4,000 as trading volatility lingers after tough week for cry…

The price of bitcoin showed little sign of an upturn this morning after a weekend that saw the cryptocurrency dip below the $4,000 threshold.

Bitcoin’s value dipped to $3,930 today, after recovering back above $4,000 late yesterday, when it plunged to $3,474 – its lowest level since September last year, according to Luxembourg crypto-exchange Bitstamp.

Yet the digital currency is still nursing wounds from one of the worst weeks in its history, with values falling 38 per cent since late October, when it was worth more than $6,000.

The world’s largest cryptocurrency is now 80 per cent below its high of $19,666 in December 2017.

Questions around Bitcoin’s vulnerability have arisen following increased global pressures to regulate the cryptocurrency, with Financial Conduct Authority (FCA) executive director Christopher Woolard saying recently that the Treasury “will undertake one of the most comprehensive responses globally to the use of cryptoassets for illicit activities”….