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Bitcoin rebounds after worst sell-off since 2015

Bitcoin rebounded on Saturday along with most of the major cryptocurrencies, halting a four-day tumble that drew worldwide attention to the unregulated $US500 billion market that's frequently called a bubble.

The double-digit bounceback was strongest with second-tier digital coins. Bitcoin cash soared 21 per cent and litecoin gained 12 per cent as cryptocurrency traders regained optimism. They weren't put off by comments published on Saturday from a central banker in Germany that "the risk of rapid losses" is obscured in cryptocurrencies.

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    Original URL: https://www.afr.com/markets/bitcoin-rebounds-after-worst-selloff-since-2015-20171224-h09t5m