Bitcoin’s Super-Swift Rebound May Have Been Made in China

Bitcoin’s Super-Swift Rebound May Have Been Made in China

Bitcoin’s Super-Swift Rebound May Have Been Made in China

By John Authers

Bitcoin, the biggest of the cryptocurrencies, nearly set a new all-time high this weekend. That wouldn’t be so surprising, given the way that the price has shot ever closer to the moon over the last decade. But the speed with which the digital currency has rebounded from its latest selloff suggests that something is changing.

This is what the dollar value of bitcoin has done over the last decade, shown on a log scale:

After past falls t took the cryptocurrency years, not months, to recover

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