Major digital currencies edged higher on Thursday, after a two-day sell-off saw the world’s biggest cryptocurrency bitcoin lose more than 50 percent from its December high.
Bitcoin and ethereum — the first and second largest virtual currencies by market value — appeared to recover after Wednesday’s lows.
Bitcoin fell as low as $9,199.59 on Wednesday morning, but bounced back to $11,748.84 as of Thursday at 9:54 a.m. ET, according to CoinDesk, which tracks prices from cryptocurrency exchanges including Bitstamp, Coinbase, itBit and Bitfinex. It was up more than 5 percent in the last 24 hours.
