Bitcoin Rebounds From Lows, Bitcoin Cash Falls 6%

Investing.com – Bitcoin pared some of its losses on Thursday, after falling as much as 20% from recent all-time highs, while bitcoin gold remained near session lows.

On the U.S.-based Bitfinex exchange, bitcoin fell to $9592, down $187.1, or 1.91% after recovering from a more than 20% slump below $9000 earlier in the session. The popular digital currency is well below its recent all-time high of $11,771. Bitcoin’s market cap fell to $162.15 billion.

The sharp swings in bitcoin comes amid signs of growing institutional demand as news reports suggested that Nasdaq, the second largest stock exchange in the world, plans to launch futures contracts for Bitcoin next year…

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