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Bitcoin stabilises after big cryptocurrency crash
The selling pressure in the global crypto market eased Monday after massive declines across digital tokens last week.
Bitcoin, the largest cryptocurrency by market value, traded at about $35,350 as of 12:05 p.m. in Singapore. It touched a low of $34,042.77 over the weekend, a loss of more than 50% from its all-time high in November.
Hawkish monetary policy signals from the Federal Reserve as well as fresh regulatory hints by the White House and the threat of an outright mining and trading ban in Russia have whipsawed digital coins.
[Bloomberg]
The selling pressure in the global crypto market eased Monday after massive declines across digital tokens last week.
Bitcoin, the largest cryptocurrency by market value, traded at about $35,350 as of 12:05 p.m. in Singapore. It touched a low of $34,042.77 over the weekend, a loss of more than 50% from its all-time high in November.
Hawkish monetary policy signals from the Federal Reserve as well as fresh regulatory hints by the White House and the threat of an outright mining and trading ban in Russia have whipsawed digital coins.
[Bloomberg]
