Bitcoin Jumps Back Above $6,000 to Give Respite to Investors
- Rebound moderates decline from December’s record high to 67%
- Cryptocurrency has slumped in seven of last eight weeks
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The weekend is offering some respite for Bitcoin investors.
The bellwether of the cryptocurrency world rose 8 percent to $6,338.22 as of 5:30 p.m. in New York on Saturday, according to Bitstamp prices. The gain, which comes after the digital asset crashed through the $6,000 threshold last week for the first time since February, means the token has still lost about two-thirds of its value since reaching a record high of nearly $20,000 in December.