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Bitcoin fights back after Sunday sell-off


Bitcoin fights back after Sunday sell-off

May 25, 2021 at 11:17 AM

Cryptocurrencies fought back on Monday, clawing back ground after a bout of weekend selling fuelled by further signs of a gathering Chinese crackdown on the emerging sector.

Bitcoin climbed as high as $37,391 after falling some 7.5% a day earlier, and was last up 5%.

Second-largest cryptocurrency ether jumped more than 10% to as high as $2,321, erasing losses of 8.6% on Sunday that pushed it to near a two-month low around $1,730.

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