Bitcoin bounces back from 3-month low

Despite worries lingered about a global regulatory clampdown and moves by banks to ban buying bitcoin with credit cards, Bitcoin rose from multi-month lows today.
 
On the Luxembourg-based Bitstamp exchange, bitcoin hit $5,920, its lowest since mid-November, before recovering to above $8,000, according to Reuters.
 
It hit a high of $8,150 and was last at $7,922.79 in late trading in New York, up nearly 15% today.
 
Bitcoin has fallen about 70% from its peak of almost $20,000 in December and was down more than 40% so far this year.