Bitcoin recovers 13% to $38k after wild weekend - but it's still down 40% from its record high as Mavericks owner Mark Cuban says it's the 'great unwind' and 'extreme fear' sets in for investors
Bitcoin jumped more than 13% to $38,009.88 Monday morning, erasing losses of 7.5% from a day earlier but still down by 40% from last month's record high
Second-largest crypto ether jumped more than 30% after slumping Sunday
Dogecoin, launched as a parody, last traded at $0.33 Monday morning
The catalyst for the Sunday slump was cryptocurrency 'miners' halting Chinese operations in the face of increasing scrutiny from authorities
And despite signs of a bounce back Monday Dallas Mavericks owner Mark Cuban called the crash over the weekend the start of the 'great unwind'