A man looks at ATM machines (L and R) for digital currency Bitcoin in Hong Kong on December 18, 2017.
Anthony Wallace | AFP | Getty Images
A man looks at ATM machines (L and R) for digital currency Bitcoin in Hong Kong on December 18, 2017.
Bitcoin rallied Tuesday, recovering from a sharp selloff late last week.
The digital currency briefly climbed more than 12.5 percent to above $16,100 late Tuesday morning, according to Coinbase, the leading U.S. platform for trading major digital currencies.
With Tuesday's gains, bitcoin has now recovered more than 50 percent from a low of $10,400 hit Friday in an extremely volatile day of trading that had no immediately apparent explanation behind it.
I can imagine those who converted to usd and did not buy back even when it jumped to 14000. They were hoping bitcoin to dip to 7000. I mean really? Now this flight has taken off and will not stop soon.
yes i hope it will dip 7000 then we can buy some bitcoin
I don't think it is gonna drop to 7000 now. This was a possibility when bitcoin was in classic a,b,c correction but it has formed a double bottom and 11,000 is now a strong support.
kkk carnelian can u help me steem it.....by up voting all my posts..pls