KONTAN.CO.ID - SINGAPORE. Bitcoin extended its recovery in holiday-thinned trading on Tuesday, rising 10% to be up more than a third from last week’s lows of below US$12,000. Bitcoin, the world’s biggest and best-known cryptocurrency, fell nearly 30% at one stage on Friday to US$11,159.93 and, despite a late recovery, had its worst week since 2013. At 0445 GMT on Tuesday, it was quoted around US$15,049 on the Luxembourg-based Bitstamp exchange. The digital currency had risen around twentyfold since the start of the year, climbing from less than $1,000 to as high as US$19,666 on Dec. 17 on Bitstamp and to over US$20,000 on other exchanges. But it has posted heavy declines since.
Bitcoin recovers from last week's brutal selloff
KONTAN.CO.ID - SINGAPORE. Bitcoin extended its recovery in holiday-thinned trading on Tuesday, rising 10% to be up more than a third from last week’s lows of below US$12,000. Bitcoin, the world’s biggest and best-known cryptocurrency, fell nearly 30% at one stage on Friday to US$11,159.93 and, despite a late recovery, had its worst week since 2013. At 0445 GMT on Tuesday, it was quoted around US$15,049 on the Luxembourg-based Bitstamp exchange. The digital currency had risen around twentyfold since the start of the year, climbing from less than $1,000 to as high as US$19,666 on Dec. 17 on Bitstamp and to over US$20,000 on other exchanges. But it has posted heavy declines since.