The crypto space rebounded on Monday after seeing another massive selloff over the weekend, with billions wiped out.
Bitcoin rose nearly $8,000 in just 24 hours and was trading at $38,027.11, up 13.08% on the day. On Sunday, the popular cryptocurrencies tumbled below $32,000.
Ethereum, the second most popular cryptocurrency, rose from less than $1,800 to over $2,400 from Sunday to Monday. At the time of writing, it was trading at $2,414, up 24.90% on the day.
Overall, the majority of the crypto space was in the green after reporting significant losses across the board over the weekend.
The selloff trigger was reports of tighter regulations coming from China, Hong Kong, and the U.S.
Overall, the majority of the crypto space was in the green after reporting significant losses across the board over the weekend.
The selloff trigger was reports of tighter regulations coming from China, Hong Kong, and the U.S.
Reference: Kitco
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