Bitcoin rose 15 percent on Tuesday, recouping about half of the losses it sustained last week, its worst since 2013, as investors who had missed out on earlier rallies bought the world’s biggest and best-known digital currency.
Bitcoin fell nearly 30 percent at one stage on Friday to $11,159.93. At 3:09 p.m. on Tuesday, bitcoin was up 15 percent at $16,030 in light trading on the Luxembourg-based Bitstamp exchange.
While bitcoin investors and analysts believe last week’s decline in its value was a natural correction after a heady run-up in prices, there have been further warnings from market regulators and central banks. Read more at REUTERS.