Bitcoin remains below $10k despite modest gains seen over the last week.
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 Binance cryptocurrency exchange.
It is worth $9,378 as of Thursday morning, up from around $6,500 in early April, according to the Coinbase exchange.
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.