Singapore/tokyo — Bitcoin extended its recovery in holiday-thinned trading on Tuesday, rising 10% to be up more than a third from last week’s lows of below $12,000. Bitcoin, the world’s biggest and best-known cryptocurrency, fell nearly 30% at one stage on Friday to $11,159.93 and, despite a late recovery, had its worst week since 2013. At 4.45am GMT on Tuesday, it was quoted around $15,049 on the Luxembourg-based Bitstamp exchange. The digital currency had risen around twentyfold since the start of the year, climbing from less than $1,000 to as high as $19,666 on December 17 on Bitstamp and to over $20,000 on other exchanges. But it has posted heavy declines since.
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