Bitcoin regained some lost ground to trade near $40,000 on Thursday, a day after a brutal selloff on concerns over tighter regulation in China and unease over the extent of leveraged positions in the cryptocurrency world.
The biggest and most popular cryptocurrency rose nearly 14% to $42,000, after plunging 14% on Wednesday to its lowest since late January. Smaller rival ether was up 20% at $2,935 at 1313 GMT, after its 28% tumble.
Those bounces came after prominent crypto backers such as…
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