Cryptocurrencies
Bitcoin Rebounds From 2018 Low to Buoy Rivals Ether, Litecoin
- Weekend bounce helps steady nerves in cryptocurrency market
- Declines correspond to fall in traded volume of Bitcoin
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Bitcoin rallied to start July, giving a positive jolt to a digital-coin market that had lost about half of its value since early May.
The largest cryptocurrency climbed more than 12 percent to $6,620 from Friday, in its biggest intraday increase since April, according to composite prices compiled by Bloomberg at 11:56 a.m. in New York. The token’s largest peers -- Ripple, Ethereum and Litecoin -- climbed between 10 percent and 15 percent. The bounce began during weekend trading and spiked further in the U.S. morning.