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Bitcoin Rises From Six-Week Low as G-20 Weighs Cryptocurrencies

Bloomberg business news

Carney Says Cryptocurrencies Must Meet `Rigorous Standards'


A weekend selloff cryptocurrencies subsided, with Bitcoin rallying from a six-week low before Group of 20 finance ministers and central bank governors discuss digital assets in Buenos Aires.

Bitcoin traded at $8,235 as of 11:20 a.m. in Hong Kong, up 12 percent from its low reached over the weekend, according to prices on Bitstamp. Rival coins Ripple and Ether also pared weekend losses.