Bitcoin, the largest cryptocurrency by market cap, regained the $22,000 level and was trading at $22,241.17, over 4 per cent higher than the last close
The currency gained as much as 7.8 per cent to $34,182.75, before slipping to about $33,970 as of 3:05 p.m. on Sunday in Singapore
The original cryptocurrency gained more than 1,300 percent last year
A series of negative news has buffeted Bitcoin and rival cryptocurrencies, with losses intensifying since the start of 2018
Bitcoin slumped as much as 17 per cent to $14,820, the most in more than two weeks
On Saturday, bitcoin,the largest cryptocurrency by market value, rose 6.6% to $14,978 at 11:41 am London time, compared with 24 hours earlier, according to data on coinmarketcap.com
Big US banks, including JPMorgan Chase and Citigroup , will not immediately clear bitcoin trades for clients once investors start trading futures contracts
As of 1320 GMT it had recovered to around $14,400, still down 13 per cent on the day
It was still up more than 30 per cent for the week
Is Bitcoin valuable? It has no industrial or decorative uses, and it doesn't entitle the holder to receive interest