Bitcoin’s rebound puts US$20,000 level in sight as next big test

The digital asset is trading near the all-time high of US$19,857.03 set on Monday, after jumping 15% since one of its worst one-day drops this year on Nov 26. “We should surpass US$20,000 this week, targets being anywhere around US$20,000-US$25,000, ” said Vijay Ayyar, head of business development with crypto exchange Luno in Singapore

SINGAPORE: Bitcoin’s recovery from a rout last week is stoking speculation that the cryptocurrency can breach US$20,000 for the first time.

The digital asset is trading near the all-time high of US$19,857.03 set on Monday, after jumping 15% since one of its worst one-day drops this year on Nov 26.