The price of Bitcoins slipped back slightly today after reaching a new high of over £500 yesterday.
Bitcoin has seen rapid gains over the last couple of days, potentially due to Senate hearings on the virtual currency.
Last night the price of Bitcoin sky-rocketed to over £500.
As predicted some profit taking did occur, but the price has slipped only slightly.
At time of writing of the price of Bitcoins in GBP on MtGox was £431 / $700 dollars.
On the UK based Bitcoin site LocalBitcoins the price was a significantly higher £536.