Bitcoin tries to rebound after dramatic weekend selloff
CNN
It has been a turbulent week for Bitcoin — and it's only Monday. After the cryptocurrency suffered a flash crash on Saturday — plummeting some 14% — it is trying to regain some of the lost ground.
Bitcoin rose a modest 0.1% against the US dollar early Monday, to more than $56,421 per coin. The weekend plunge was a rather dramatic end to a months-long rally that was topped off by Coinbase's enormous IPO last week, which valued the cyrpto exchange at nearly $100 billion. Coinbase shares fell 3.7% in the first minutes of Monday trading.
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