Is Bitcoin Back? Cryptocurrency Passes $16,000 as Rebound Begins

Is Bitcoin Back? Cryptocurrency Passes $16,000 as Rebound Begins

Video by Wochit Bitcoin rallied past $16,000 on Tuesday as traders of the world’s biggest digital currency sought to draw a line under its roller coaster five-day slump. The tokens rose 16 percent to as much as $16,132.09, the biggest gain on a closing basis in more than two weeks and the first in six days. It traded higher by 14 percent to $15,659.9 as of 1:36 p.m. in New York. Rival currencies litecoin and ethereum were up 4.4 percent and 2.6 percent, respectively, according to data compiled by Bloomberg. High trading volumes at Coinbase, one of the biggest […]