(Bloomberg) Bitcoin briefly dropped by the most in more than a month, helping to trigger a string of liquidations of speculative crypto positions that led to a rout in smaller digital assets such as Solana, Cardano and Polkadot. Most Read from BloombergIsrael Bracing for Unprecedented Direct Iran Attack in DaysStocks Get Hit as War Jitters Fuel Rush to Bonds: Markets WrapApple Plans to Overhaul Entire Mac Line With AI-Focused M4 ChipsRussian Attacks on Ukraine Stoke Fears Army Near Breaking P
Bitcoin price rebounded Monday to climb past $70,000 after falling more than 8% in a single day last week. Meanwhile, the SEC is reportedly looking to classify ether as a security.