Technology

Bitcoin Advances as Concerns Over Deleveraging ‘Cascades’ Ease

Bitcoin climbed as some executives and investors expressed optimism that the selling pressure that drove the largest token to an 18-month low over the weekend is abating.

The largest cryptocurrency rose as much as 4.7% to $20,786, while Ether climbed as much as 6.4%. Bitcoin is now up 16% over the past few days, while many altcoins have seen far bigger gains. The crypto advance came even as European stocks were trading mixed.