The cryptocurrency bounced back in value after a pre-Christmas nightmare but has since seen a slight slip
BITCOIN'S volatility is continuing but it has recovered some of its value following a pre-Christmas collapse and a single coin is worth more than £11,000.
Some investors are worried by the currency's volatile nature and the market's inability to cope with sudden shifts in demand.
An eBay executive told Yahoo Finance the tech giant is "seriously considering" accepting bitcoin payments after its recent success.
Although Scott Cutlor, senior vice president of eBay Americas said they're "not quite there yet", his consideration indicates how fast the cryptocurrency is permeating the mainstream.
John Taylor Jr, president and founder of research firm Taylor Global Vision in New York, on the other hand, believes Bitcoin will soon crash, even though it hasn't reached its peak yet.
The cryptocurrency's recent record of nearly $20,000 has been attributed to surging demand in China, where authorities warn it is used to channel money out of the country.
In March 2017 the price exceeded the value of an ounce of gold for the first time – then about £940.
As of 7.15am on December 29, the value of Bitcoin in GBP was £11,218 and $14,594 in USD.