Bitcoin rebounds 2.08% from November low

Bitcoin rebounded on Tuesday after hitting its lowest level since mid-November yesterday.

The cryptocurrency was trading at $95,500, up 2.08% by 16:50 GMT.

Bitcoin had touched $89,000 yesterday, pressured by US jobs data, a strong dollar and higher bond yields. This increased expectations that the Federal Reserve will keep interest rates at current levels until the summer.

MicroStrategy increased its holdings of bitcoin on Monday, buying 2,530 coins, worth $243 million, bringing its holdings of the currency to 450,000 coins, worth more than $28 billion.