Bitcoin has had a more than five-fold increase in price since the start of the year.
- Bitcoin surged in value since start of the year, but has now dropped in value by more than 15 per cent
- JPMorgan chief has labelled bitcoin a “fraud”, saying it will eventually “blow up”
- British watchdog issued warning on initial coin offerings after Chinese government banned ICOs
It’s hit a record high price of just below $5,000 at the start of the month.