Investing
Bitcoin Rebounds While Leaving Everyone in Dark on True Worth
- Digital currency stabilizes after flirting with bear market
- Recent climb in dollar may be test for yearlong rally
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Bitcoin rebounded after Monday’s steep plunge left investors grasping for clues about what lies ahead for the world’s largest cryptocurrency.
The digital coin rose 4.9% to $35,616 as of 11:30 a.m. in London, following yesterday’s 11% slide. The latest bout of roller-coaster volatility recalls past boom and bust cycles including the 2017 bubble, and has investors debating whether this is a healthy correction or the end of the latest bull run for cryptocurrencies.