Investing.com - The prices of major cryptocurrencies rebounded sharply, with Bitcoin, Ethereum and Ripple all enjoying strong gains after suffering their worst two-day selloff in more than a year.
Bitcoin was up around 17% at $11,628, following a double-digit drop a day earlier that dragged it to its lowest level since late November at $9,231 and sparking chatter of a bursting bubble.
Among other digital currencies, Ethereum, the world’s second largest cryptocurrency by market cap, was up 23% at $1,051.30.
Meanwhile, Ripple's XRP token was trading at $1.5612, up around 50% for the day.
2018 has not started well for cryptocurrencies, with this week marking the third week in a row of poor performances. The crypto market has been spooked by worries about increased regulatory scrutiny in Asia, mostly South Korea and China, as well as other countries.
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