BITCOIN PRICE - LATEST UPDATES: CRYPTOCURRENCY STEADIES ABOVE $8,000

The value of bitcoin continues to hover above $8,000 after last week's dramatic price surge, which saw the world's most valuable cryptocurrency gain more than $1,000 in the space of an hour.

The volatile cryptocurrency’s price has shifted wildly ever since mid-December - when it hit a record high of more than $19,850 (£14,214) - with frequent heavy drops and speedy recoveries. Its price plummets back to earth in January and February, as governments and central banks around the world raised the specter of future regulation.