Cryptocurrency dip buyers have returned after Bitcoin crumbled through key support and hit a low of less than $10,000 overnight.
But the gains seen earlier this morning have solidified in Asian trade, and Bitcoin has now bounced by almost 20% today off its overnight low.
And the buying has extended to all the major alt-coins, following the sector-wide selloff which over the previous 48 hours saw heavy falls across the board.
The selling was attributed to a number of factors — ranging from a regulatory crackdown in Asia, giving rise to lower trading volumes, to simply just a long-overdue market correction.
But for the time being the panic has subsided. As usual, Bitcoin prices vary significantly between different exchanges but a short time ago, Bitcoin was sitting comfortably above $11,000 on the US-based Bitfinex exchange:
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fstatic4.uk.businessinsider.com%2Fimage%2F5a603672ec1ade7f69189fdd-764%2Fscreen%2520shot%25202018-01-17%2520at%252094525%2520pm.png&t=663&c=motuzvrYe4AP3Q)
Source -
http://uk.businessinsider.com/bitcoin-is-making-a-comeback-2018-1?r=US&IR=T