Bitcoin on Sunday rose as much as 7.6% to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday. The coin's price retreated a bit Sunday evening to $19,781.69, according to Coinmarketcap. Andrew Brenner, head of international fixed income at National Alliance Securities, on Sunday said the rise in Bitcoin was likely the result of retail investors buying up the digital currency over the weekend, when few professional traders are working. "Some buyers think now is a good time to get in because Bitcoin got down to a level which shows some near-term attractiveness," Brenner said. He added that Bitcoin and other digital currencies remained extremely volatile.

Source: CNN June 20, 2022 03:48 UTC