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

Bitcoin, the world’s biggest and best-known cryptocurrency, was up more than 16% 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.

The coin’s price retreated a bit Sunday evening to $19,781.69, according to Coinmarketcap.

Andrew Brenner, head of international fixed income at National Alliance Securities, on Sunday said the rise in Bitcoin was likely the result of…


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