Bitcoin regained some lost ground to trade near $40,000 on Thursday, a day after a brutal selloff on concerns over tighter regulation in China and unease over the extent of leveraged positions in the cryptocurrency world. The biggest and most popular cryptocurrency rose nearly 14 percent to $42,000, after plunging 14 percent on Wednesday to its lowest since late January. Smaller rival ether was up 20 percent at $2,935 at 1313 GMT, after its 28 percent tumble. Those bounces came after prominent crypto backers such as Ark Invest’s Cathie Wood and carmaker Tesla’s Elon Musk indicated their support on Wednesday. Wood said in an interview with Bloomberg that she was still sticking to her $500,000
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