Bitcoin has recovered somewhat in the past few days, but its value is still almost $200 billion less than when it hit its record high in December 2017.

The flagship cryptocurrency is trading just above $8,400 on Wednesday, according to CoinDesk, but that's still some 58 percent off the $19,783.21 record from December. Market capitalization or value is down by almost $200 billion since then.

CNBC examines the inner workings of bitcoin and blockchain technology in its newly-launched podcast, “Beyond the Valley.” The podcast series examines the biggest topics in technology — from a perspective outside of the Silicon Valley and the United States — and features interview with some of the brightest minds in the industry. You can listen to the podcast on bitcoin here.