>> Bitcoin accelerated its recovery on Tuesday, coming back strong after suffering from its worst week since 2013. The digital currency went up more than 10% at $16,000 on the Bitstamp Exchange, but lost some steam later in the day. Bitcoin, the world's biggest and best known cryptocurrency, fell nearly 30% last Friday.
The currency had risen around 20-fold since the start of the year, climbing from less than $1,000 to as high as $20,000 on December 17th. But it has posted heavy decline since. Bitcoin investors and analysts believe the decline in its value was a natural correction, after a run up in prices.