After Friday's crash, Bitcoin climbs back above $16,250.Bitcoin fell nearly 30 percent at one stage on Friday to $11,159.93 on Tuesday, bitcoin was up 16+ percent at $16,250 in light bitcoin marketcap.
Bitcoin has now recovered more than 50 percent from a low of $10,400 hit Friday in an extremely volatile day of trading.
The digital currency briefly climbed more than 16 percent to above $16,250 late Tuesday morning and was trading near $15,965 late in the afternoon, according to Coinbase, the leading U.S. platform for trading major digital currencies.
Prices of other cryptocurrencies, which slid along with bitcoin last week, have also recovered, with Ethereum, the second-biggest cryptocurrency by market size, quoted around $771, up from Sunday's low of $689 but still far from highs around $900 hit last week. - Reuetrs
Bitcoin recovers from last week's selloff, recovering from a sharp sell-off late last week.
Reviewed by S.M
on
December 26, 2017
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Reviewed by S.M
on
December 26, 2017
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