Bitcoin Rises After a Terrible Month, But Don’t Call It a Bottom. That's the assessment of Kenetic Capital's Jehan Chu after the largest digital

token rallied on Wednesday, climbing as much as 15 percent to $4,339. It

closed at $6,302 in October. Gains in Ether, Litecoin, Zcash and XRP helped

propel the Bloomberg Galaxy Crypto Index to a 16 percent increase, paring this

month's rout to 30 percent. "What we are seeing is not yet a bottom but a

short-term buying opportunity," said Chu, managing partner at Kenetic Capital,

a blockchain investment and advisory company. "Until we have broader adoption

of decentralized applications, it will be hard to find a firm floor." One

technical indicator had suggested Bitcoin was due a short-term bounce. The

cryptocurrency's relative strength index dropped to a record this month,

according to Bitstamp prices that incorporate weekend trading, signaling it

may have fallen too fast.