Bitcoin – Floored or More to Go?

Bitcoin managed to shake off some of the cobwebs on Saturday, rising by 1.61% to end the day at $6,950, the gains coming as its closest rivals languished in the red for the day, or very close to it.

The uptick may not have reversed the bearish trend formed back on 21st March, but brings some much needed respite, with Saturday’s rise leaving Bitcoin down 17.8% from Monday’s open through to Saturday’s day end. For the quarter and for those who jumped into Bitcoin on the back of the December rally, Bitcoin was down 63% for the 1st quarter.

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