Bitcoin Bounces Above $59,000 as Market Uncertainty Fades

Bitcoin has bounced back above $59,000, recovering from recent lows as market uncertainty begins to fade. The cryptocurrency rose by 2.8% in the past 24 hours, briefly crossing the $59,000 mark. This recovery is attributed to easing concerns over the potential impact of Mt. Gox repayments and a general improvement in market sentiment. Analysts suggest that the worst of the recent volatility may be over, paving the way for a more stable trading environment.Read more on Decrypt