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Bitcoin falls further after weekend rout wipes more than $400 billion from crypto markets
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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
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