Bitcoin Rebounds After Hitting Lowest Level Since March

  • JPMorgan to introduce an actively managed fund, report says
  • The coin had struggled around its 100-day moving average
Kenetic: Handshake Could Become Bigger Than Bitcoin in 5 Years(Source: Bloomberg)
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Bitcoin rallied back Monday as investors took advantage of the lowest levels in seven weeks to pile back in.

The largest cryptocurrency rose as much as 13% to above $54,000, the biggest intraday gain since early February.