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Bitcoin rises 10%, recovers from last week's brutal sell-off

Prices of rival cryptocurrencies such as Ethereum, which slid along with bitcoin last week, have also recovered

Published Tue, Dec 26, 2017 · 09:50 PM

Singapore/Tokyo

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 US$12,000.

Bitcoin, the world's biggest and best-known cryptocurrency, fell nearly 30 per cent at one stage last 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.

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