Hot currency: Sparks glow from broken Bitcoin coins in this illustration picture. Bitcoin cash soared 21 and litecoin gained 12 as cryptocurrency traders regained optimism. — Reuters
MADRID: Bitcoin rebounded along with most of the major cryptocurrencies, halting a four-day tumble that drew worldwide attention to the unregulated US$500bil market that’s frequently called a bubble.
The double-digit bounceback was strongest with second-tier digital coins. Bitcoin cash soared 21% and litecoin gained 12% as cryptocurrency traders regained optimism. They weren’t put off by comments published on Saturday from a central banker in Germany that “the risk of rapid losses” is obscured in cryptocurrencies.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
