Bitcoin holds overnight gains after last week’s rout


A view of Ducatus cafe, the first cashless cafe that accepts cryptocurrencies such as Bitcoin, on their opening day in Singapore December 21, 2017. REUTERS/Edgar Su

NEW YORK: Bitcoin held its overnight gains in early US trading on Tuesday as the world’s biggest and best-known cryptocurrency rebounded on light trading volume from its worst week since 2013.

At 8:33am (1333 GMT), the digital currency was last up almost 10% at US$15,300.00 on the Luxembourg-based Bitstamp exchange. (Later in the day, it broke above US$16,000.)

It lost nearly 30% at one point last Friday at US$11,159.93. - Reuters

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