Bitcoin regains ground after the crashes and gains 10% in a day

 The recovery of  bitcoin was still on Tuesday in markets with little activity for the  Christmas season, rising by 10% and trading 33% above the lows recorded  last week.

The bitcoin, the main cryptocurrency in  the world, fell up to 30% on Friday to 11,159.93 dollars, despite a  rebound to last session, recorded its worst week since 2013. This  Tuesday rose and traded above 15,000 on the Bitstamp reference platform.

The  digital currency came to increase its value since the beginning of the  year, rising from levels below $ 1,000 to a maximum of $ 19,666 in  Bitstamp and more than $ 20,000 in other platforms. But in the second half of December recorded strong declines.

While  investors and bitcoin analysts talk about a natural correction after  the dizzying rise since January, regulators and central banks are  recommending more caution. 

 

Without clear path or valuation.

"There is no current price that reflects a correct valuation," said Andrei Popescu, co-founder of COSS, based in Singapore. "Taking profits is the right thing to do, but it's also right to buy with a long-term projection. You do not have to be right in this market, you just have to make less mistakes than the rest, "said Popescu.

In this sense, warnings about bitcoin do not stop. Shmuel Hauser, president of the Israel Securities Authority, said on  Monday he would propose a regulation that would prohibit companies based  on digital currencies from gaining access to the Tel Aviv Stock  Exchange.

The warnings do not stop ever!

The central bank of Singapore last week issued a warning against  investment in cryptocurrencies, saying it considers that the recent  increase in its prices is driven by speculation and that there is a high  risk of a sharp drop in prices.

The  prices of rival cryptocurrencies, which resented next to bitcoin last  week, also recovered, with Ethereum, the second largest cryptocurrency  by market size, trading around the 771 dollars, above the Sunday minimum  of 689 dollars , but far from the highs of 900 dollars reached last week.