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CryptoWatch: Bitcoin trades above $11,000 as cryptocurrencies steady after multiday rout

Bitcoin pushed above $11,000 on Thursday, as the most popular digital currency attempted to stabilize after a week that has so far wiped more around 18% off spot prices, but analysts are unsure how much of a comeback is in store.

Bitcoin’s spot price BTCUSD, +2.85% rose nearly 7% to $11,887.19, after getting knocked down on Wednesday to its lowest level since late November below $10,000, according to prices on CoinDesk. Bitcoin now is well off a low of $10,663.95 it touched earlier on Thursday.

The first bitcoin futures contract for January US:XBTF8 —trading on Cboe Global Markets Inc.

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