Hong Kong — Bitcoin appeared to find a bottom on Friday, rebounding to $15,000 after moves by South Korea to curb speculation and protect retail customers took the cryptocurrency down more than 8% on Thursday. Bitcoin was up almost 8% to $15,032 at 2.16pm Hong Kong time, composite Bloomberg pricing showed. The digital currency has slumped about 23% from its record $19,511 reached on December 18, when the CME Group introduced its futures contract. While bitcoin’s debut on regulated derivatives exchanges in Chicago was thought to have given it a new mainstream channel for investors to tap, so far trading volume has been limited. "Short-term support is about $13,500 — we’ve hit that the last couple of trading sessions," Chris Gersch, director of strategy at Bell Curve Capital in Chicago, said on Bloomberg Television. "Ultimately I think it moves lower and tests last week’s lows around $12,400 in the futures contract," he said, referring to the CME’s version. The South Korean government...
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