Bitcoin jumped back above the $70,000 mark on Friday as investors piled back into the asset class following a volatile week for the cryptocurrency market at large. The $1.3 trillion digital asset is up over 6% today after plunging to nearly $60,000 earlier on Thursday. Ether has jumped more than 7% to above $2,000 while XRP trades at $1.46, up nearly 20%. Market watchers say the worst is over. “While it is difficult to say, conditions appear to be aligning for crypto to bottom,” David Duong, global hea ...

Bitcoin’s (BTC) recent slide may feel ominous, but K33 Research analyst Vetle Lunde says December could mark a turning point for the cryptocurrency. After its steepest correction since the last bear market, the firm sees more evidence for a rebound than another collapse. BTC has been weighed down by a wave of selling, much of it structural. Spot bitcoin exchange-traded funds (ETFs), which had been the market’s biggest buyers, turned into net sellers in November. CME futures activity has dropped to a multi ...