Bitcoin returning to $200-level after more than 35% fall in two days

Bitcoin rates rebounded on 15 January, rising more than 11% after two days of major decline.
The popular digital currency is trading at $197.44 (167.11, 129.62), up 11.50% as at 8:00 am GMT, according to CoinDesk price index. Opening at $177.08, the cryptocurrency rose as high as $206.14earlier.
The rebound in the rates comes after two consecutive bad days for the currency. Bitcoin rates fell a whopping 21.9% on 14 January and 15% on the previous day.
In 2015, the digital currency has fallen more than 40% so far, after plunging by about 58% in 2014 to become one of the worst investments in the year.

This post was published at International Business Times on January 15, 2015.