It looks like Bitcoin has found a new bottom

Exactly a year after beginning its crash from close to $20,000, the world’s biggest cryptocurrency seems to have found a new bottom.

Bitcoin extended gains for a fifth day on Wednesday, heading for the longest winning streak since September, based on Bitstamp pricing. The increase of more than 20 per cent since Friday has carried most of the digital-token market with it.

“The market is extremely oversold by most metrics - near the ...