Today news
About the same in other media
Bitcoin falls further after weekend rout wipes more than $400 billion from crypto markets
Reading now: 142
krisanapong detraphiphat/Getty Images
Bitcoin fell Monday after a dramatic rout wiped more than $400 billion from crypto markets over the weekend.
The world's biggest cryptocurrency was down 3.7% to $47,585 on the Coinbase exchange as of 5.35 a.m. ET.
Bitcoin crashed to as low as $42,000 Saturday from above $57,000 Friday, before rebounding to trade just below $50,000 for most of Sunday.
As of Monday, the token was roughly 30% below its November record high of close to $69,000, underscoring the volatility of the digital asset.
Ether, the second-biggest token, was down 6.4% at $3,951 Monday on Coinbase. It too crashed Saturday, falling as low as $3,570 before rebounding somewhat.
The weekend plunge wiped more than $400 billion from the global
Read more on markets.businessinsider.comAbout this in other media
Can analysts maintain ‘$100,000 in 2021’ prediction for Bitcoin, after weekend slump ambcrypto.com /3 years ago
Bitcoin back over $50,000, as market calms after weekend turmoil moneycontrol.com /3 years ago
Bitcoin is back above $50,000 as crypto investors recover from the weekend rout, while metaverse tokens are soaring markets.businessinsider.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
