Bitcoin has had a rough ride in the past few days after hitting record highs, then dipping below $1,000 and now just holding steady, as traders ponder the future of the underlying technology behind the cyrptocurrency.
On March 10, bitcoin hit a high of $1,325.81, but dipped to around $944 on Saturday.
The price has recovered somewhat and was trading at around $1,049.20 at the time of publication.
For a full explanation of this debate, click here.
The recent volatility is due to a number of factors:The rejection by the U.S. Securities and Exchange Commission (SEC) of an exchange-traded fund (ETF) proposed by Cameron and Tyler WinklevossChinese authorities forcing bitcoin exchanges to halt withdrawals of the virtual currencyConcern of the future of the underlying technology of bitcoinThis last point refers to a potential bitcoin "fork" which would result in the emergence of two cryptocurrencies ? one known as Bitcoin and one known as Bitcoin Unlimited.
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