Crypto-currencies extend the recovery into the weekend- BTC/USD testing $15K


The big crypto-crash on Friday saw bitcoin and its peers plunge, often at double-digit levels. Trading on bitcoin futures triggered circuit breakers on the CME Group’s exchange, already in the first week of trading.

Yet after the big downfall, digital currencies experienced a recovery late on Friday. While stocks, bonds, and regular currencies are closed for the weekend, digital coins are in play and extend their gains.

Bitcoin is trading just under the $15,000 level, up some 4.5% during Saturday, the day before Christmas Eve. It had already dropped to $10,400 on Friday, so this is some 40% off the lows, yet still some 25% off the highs of nearly $20,000 in the wake of the new week.

Bitcoin is not alone. Other cryptos are on the move as well:

Note that the changes are from the beginning of the day, not the deep lows were seen yesterday.

More: BTC/USD: Technical levels to watch after the big crash

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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