Bitcoin fell by almost 11% in 24 hours between 27 and 28 January - a drop partly blamed on the arrest of BitInstant currency exchange CEO and Bitcoin Foundation vice president Charlie Shrem.

But some currencies suffered even greater losses; litecoin fell more than 12%, dogecoin fell 14% and lesser-known infinitecoin saw its value fall by more than 25%. Only vertcoin, which is worth $0.36 per coin, saw growth, up nearly 13%.