Bitcoin finds floor after worst selloff since 2015

On Saturday, bitcoin,the largest cryptocurrency by market value, rose 6.6% to $14,978 at 11:41 am London time, compared with 24 hours earlier, according to data on coinmarketcap.com

Bitcoin clawed its way upward on Saturday along with most cryptocurrencies, halting a four-day tumble that drew worldwide attention to the unregulated $500 billion market that's frequently called a bubble.

The recovery coincided with a pause in bearish news that had snowballed since Monday and shaved 24 per cent off bitcoin's value, its biggest four-day selloff since 2015. Comments by central bankers, a decision by Litecoin's founder to sell all his holding, and a wish to reduce stakes before the holiday season fueled the plunge, strategists said.

“With holidays approaching, some people want to step away from the table, and take their