Australian shares to drop 0.3pc; bitcoin rebounds after rout; oil, iron ore sink; $A falls below US70¢; US dollar near 20-year high. Follow updates here.
Bitcoin snapped a 12-day slide, clawing its way back above $US20,000 and leading the cryptocurrency market in a swift turnaround after a record-breaking string of declines.
“I think we started to hit levels near the bottom where institutional investors see a buying opportunity,” said Paul Veradittakit, a partner at crypto-focused hedge fund Pantera Capital.
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