Bitcoin Is Making A Comeback

Reuters/Yuya Shino Cryptocurrency dip buyers have returned after Bitcoin crumbled through key support and hit a low of less than $10,000 overnight. But the gains seen earlier this morning have solidified in Asian trade, and Bitcoin has now bounced by almost 20% today off its overnight low. And the buying has extended to all the major alt-coins, following the sector-wide selloff which over the previous 48 hours saw heavy falls across the board. The selling was attributed to a number of factors — ranging from a regulatory crackdown in Asia, giving rise to lower trading volumes, to simply just a long-overdue market correction. But for the time being the panic has subsided.

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