Bitcoin rises back above $16,000, rallying more than 50 percent from Friday's low

Bitcoin rises back above $16,000, rallying more than 50 percent from Friday's low: In the latest news, Bitcoin rallied Tuesday, recovering from a sharp sell-off late last week. 

The digital currency briefly climbed more than 12.5 percent to above $16,100 late Tuesday morning, according to Coinbase, the leading U.S. platform for trading major digital currencies. 

With Tuesday's gains, bitcoin has now recovered more than 50 percent from a low of $10,400 hit Friday in an extremely volatile day of trading that had no immediately apparent explanation behind it.
Bitcoin rises back above $16,000, rallying more than 50 percent from Friday's low
The CME bitcoin futures expiring in January traded almost 13.6 percent higher Tuesday near $16,055, and the Cboe bitcoin futures gained 14.5 percent to $16,000.

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