Crypto-currencies Extend The Recovery Into The Weekend- BTC/USD Testing $15k

The big crypto-crash on Friday saw bitcoin and its peers plunge, often at double-digit levels. Trading on bitcoin futures triggered circuit breakers on the CME Group’s exchange, already in the first week of trading.

Yet after the big downfall, digital currencies experienced a recovery late on Friday. While stocks, bonds, and regular currencies are closed for the weekend, digital coins are in play and extend their gains.

Bitcoin is trading just under the $15,000 level, up some 4.5% during Saturday, the day before Christmas Eve. It had already dropped to $10,400 on Friday, so this is some 40% off the lows, yet still some 25% off the highs of nearly $20,000 in the wake of the new week.

Bitcoin is not alone. Other cryptos are on the move as well:

Note that the changes are from the beginning of the day, not the deep lows were seen yesterday.

More: BTC/USD: Technical levels to watch after the big crash

 

Disclaimer: Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and ...

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