Bitcoin was mercantilism at £5,978.3 ($8,290) on Feb eight - up from the previous day once it born to £5,669 ($7,861).
Trading was terribly volatile with large swings up and down as bankers signalled a suppression on "Ponzi scheme" cryptocurrency.
Overall bitcoin's value has fallen by nearly three quarters since its record high of £14,837 on New Style calendar month eighteen.
The value of the cryptocurrency has nearly halved since posting associate unequaled high on New Style calendar month sixteen last year, once it fully was
"Its price has been broken by South Korea’s conceive to ban anonymous cryptocurrency mercantilism, exploit the market into a tailspin."
Justice minister Park Sang-ki same the govt. was preparing a bill to ban mercantilism of the virtual currency on domestic exchanges.
He said: "There unit of measurement nice concerns regarding virtual currencies
