After last week’s plummeting prices, all eyes are on the cryptocurrency price charts today. On 20th January, the price of bitcoin rose to a high of $13,000 – yet this was soon brought back down to $11,096 on 21st January.

On 22nd January the Bitcoin Price Index reported a rise of 5.4% and a trading price of $11,700. However, the digital currency remains down by 1% over a 24-hour period.

Speculation is rife as to what may happen next and the finger of blame is still being pointed at South Korea and Japan after their clampdown on regulations. On the other hand, many investors believe that the US government’s clampdown may have caused the prices to rise over the weekend.

Many have also been led to believe that bitcoin is unlikely to gather significantly during Washington’s political standoff. In the last standoff which took place in 2013, the price of bitcoin increased by 10%. One thing that can be said is that no-one really knows what will happen next.

That aside, the analysis from the current Bitcoin Price Index indicates that the price could move to $15,000 and above – something which many investors are hoping will happen.