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The anonymous digital currency Bitcoin was up 12.5% to rise above $16,100 late Tuesday morning, according to the US-based crypto-currency exchange Coinbase.
The recovery has been over 50% since Friday’s low of $10,400, keeping in mind that trading did move slightly above $19,500 just two weeks ago.
There was no immediate explanation behind the extreme volatility in price shifts, much of which has come with the introduction of Bitcoin futures trading earlier this month.
Bitcoin and other crypto-currencies are now widely accepted among both online gambling sites and Pay Per Head ventures.
- Aaron Goldstein, Gambling911.com
