[2017-12-26] ET: Bitcoin rises 10%, recovers from last week's brutal selloff

[polynesia]

Bitcoin rises 10%, recovers from last week's brutal selloff

https://economictimes.indiatimes.com/markets/stocks/news/bitcoin-rises-10-recovers-from-last-weeks-brutal-selloff/articleshow/62250036.cms

Bitcoin extended its recovery in holiday-thinned trading on Tuesday, rising 10 per cent to be up more than a third from last week's lows of below $12,000.

Bitcoin, the world's biggest and best-known cryptocurrency, fell nearly 30 per cent at one stage on Friday to $11,159.93 and, despite a late recovery, had its worst week since 2013. At 0445 GMT on Tuesday, it was quoted around $15,049 on the Luxembourg-based Bitstamp exchange.