1 ball of cotton yarn
1 set 4 mm double pointed needles
You begin at the centre and work outward. Make sure that you don't twist the stitches at the beginning. :)
Cast on 8 stitches. Divide them between the needles.
Rnd 1 and all odd rows: Knit.
At the beginning of row 2, join the knitting into a circle.
Rnd 2: *K1, YO* to end. (16 stitches)
Rnd 4: *K2, YO* to end. (24 stitches)
Rnd 6: *K3, YO* to end. (32 stitches)
Rnd 8: *K4, YO* to end. (40 stitches)
Rnd 10: *K5, YO* to end. (48 stitches)
Rnd 12: *K6, YO* to end. (56 stitches)
Rnd 14: *K7, YO* to end. (64 stitches)
Rnd 16: *K8, YO* to end. (72 stitches)
Rnd 18: *K9, YO* to end. (80 stitches)
Rnd 20: *K10, YO* to end. (88 stitches)
Rnd 22: *K11, YO* to end. (96 stitches)
*Rnd 24: Knit. Rnd 25: Purl.* Repeat for next 10 rows (or as high as you want the basket). Then knit 6 rows and cast off knit wise. This makes a nice curled edge! :)
This is what the bottom looks like...