Bitcoin futures also rise, topping $11,000 in late morning trading

Bitcoin jumped more than 10 percent Tuesday from session lows of below $10,000.

The digital currency climbed to $11,358 in midday trading, up 13.9 percent from a low of $9,972.29 hit early Tuesday morning, according to CoinDesk's bitcoin price index, which tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex. The dip below $10,000 had marked bitcoin's second drop below the psychologically key level in a week.

Bitcoin plunged more than 30 percent in the middle of last week, briefly falling below $10,000 to a low of $9,199.59 on CoinDesk, after concerns about increased regulation in South Korea and China. Prices had stabilized by the end of the week, but began falling again Monday.