Bitcoin Ekes Out Gains but Remains in Red Amid Broader Market Rebound

From coindesk.com

Bitcoin (BTC) recovered slightly from Thursday’s brutal selloff as global financial markets creep back into the green. After dipping below $4,000, the world’s leading cryptocurrency posted some gains and is currently trading at $5,431 as of 20:00 UTC Friday. While bitcoin is still down 15 percent over the last 24 hours, traders started buying after it hit a 12-month low of $3,855 around 02:00 UTC on Coinbase. On the one hand, the timing of the turnaround supports the notion that bitcoin is more correlated with traditional markets than its advocates have long believed. “The rally from the low coincided with a ... (full story)