Bitcoin quickly recovers after a sharp decline, while Stiglitz proposed banning BTC

Bitcoin rose 20 percent from Wednesday's low, and this movement has reduced concerns that the hard selling wave in the crypto paradise could turn into a deeper loss series.

The digital money went up to $ 9,009.15, then on Thursday to Asia at $ 10,787.99. Wednesday's 21 percent drop, partly due to intermittent interruptions at Bitcoin-traded markets, took place only hours after record levels were seen.

The price fluctuations in the world's most popular digital currency attracted the attention of traders and Wall Street banks who traded more often than small and amateur investors. Some observers, including Nobel Prize winner Joseph Stiglitz, warned that this prices are a sign of a balloon, but there are not many signs of loss of interest in bitcoin

Coinbase, one of the biggest Bitcoin markets, announced on Wednesday that it had reached the highest level of all time, despite reporting on the platform traffic that some users reported downtime and delays in service.