What is Bitcoin worth today?

Bitcoin was trading at £6,958.40 ($9,793) on February 16 - which is down 0.31% on the previous day.

Trading has been extremely volatile with large swings up and down as regulators worldwide have signalled a crackdown on the "Ponzi scheme" cryptocurrency.

There are hopes however as the market itself is embracing calls for regulation and this may be what is giving BTC a new hope.

At the depths of its free-fall, bitcoin's value had fallen by nearly three quarters since its record high of £14,837 on December 18.

Its price was damaged by South Korea's plan to ban anonymous cryptocurrency trading, sending the market into a tailspin.

Justice minister Park Sang-ki said the government was preparing a bill to ban trading of the virtual currency on domestic exchanges.