Bitcoin recovers, climbs 7.6% to pass $20,400

Bitcoin recovers, climbs 7.6% to pass $20,400

By Tina Bellon

(Reuters) – Bitcoin on Sunday rose around 7.6% to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday.

Bitcoin, the world’s biggest and best-known cryptocurrency, is now up 16.7% from this year’s low of $17,592.78 on June 18, when it tumbled on investor worries about growing troubles in the crypto industry and amid a general pull-back from riskier assets.

Andrew Brenner, head of international fixed income at National Alliance Securities, on Sunday…


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