Bitcoin rallied past $US16,000 ($20,705) on Tuesday US time as traders of the world's biggest digital currency sought to draw a line under its rollercoaster five-day slump.
The tokens rose 16 per cent to as much as $US16,132.09, the biggest gain on a closing basis in more than two weeks and the first in six days. It traded higher by 14 per cent to $US15,659.9 as of 1.36pm in New York. Rival currencies litecoin and ethereum were up 4.4 per cent and 2.6 per cent, respectively, according to data compiled by Bloomberg.
