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Cryptocurrencies punch back after selloff, miners suspend some operations in China

LONDON/SINGAPORE: Cryptocurrencies fought back today, retaking ground lost during a bout of weekend selling that was fuelled by further signs of a Chi.

United statesJerome powellJoseph edwardsJames quinnElon muskJiang zhuoerHong kong basedNovem arcaeஒன்றுபட்டது மாநிலங்களில்ஜெரோம் போவல்ஜோசப் எட்வர்ட்ஸ்ஜேம்ஸ் க்வின்ஹாங் காங் அடிப்படையிலானது

Cryptocurrencies punch back after Sunday sell-off

Cryptocurrencies rebounded on Monday, reclaiming ground lost during a bout of weekend selling that was fuelled by further signs of a Chinese crackdown on the emerging sector.

City ofUnited kingdomJoseph edwardsJames quinnElon muskRobert birselTom wilsonSam holmesTom westbrookThomson reuters trust principlesHong kong basedThomson reuters trustAsia pacificCompany newsChina prcEast asia

Cryptocurrencies bounce back from Sunday sell-off, bitcoin s

Cryptocurrencies bounce back from Sunday sell-off, bitcoin still down 30% in May Reuters | May 24, 2021 04:55 PM EDT Representations of the virtual currency Bitcoin stand on a motherboard in this picture (Photo : REUTERS/Dado Ruvic/Illustration) Bitcoin jumped more than 10% during a surge in cryptocurrencies Monday, regaining some ground lost during a weekend sell-off that was sparked by renewed signs of a Chinese crackdown on the emerging sector. Bitcoin, the world s largest cryptocurrency, was last up 12% at approximately $39,400, erasing losses of 7.5% from a day earlier but still down by more than 40% from last month s record high. Advertisement Like Us on Facebook Second-largest cryptocurrency ether jumped nearly 19% to $2,491 after slumping more than 8% on Sunday to near a two-month low. It too has fallen by almost half from a peak hit earlier this month.

United statesLael brainardJoseph edwardsRaphael bosticElon muskPaul nolteCentral bank digital currenciesNorth american bitcoinFederal reserve governor lael brainardAtlanta fed president raphaelKingsview asset managementRay dalioBridgewater associatesஒன்றுபட்டது மாநிலங்களில்லேல் மூளைஜோசப் எட்வர்ட்ஸ்

Cryptocurrencies bounce back from Sunday sell-off, bitcoin still down 30% in May

Cryptocurrencies bounce back from Sunday sell-off, bitcoin still down 30% in May
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

United statesCity ofUnited kingdomJoseph edwardsRaphael bosticRobert birselTom wilsonAndrea ricciDan greblerStephen culpLael brainardElon muskSam holmesPaul nolteNick macfieTom westbrook

Bitcoin stabilizes up 12% after wild weekend when China amped up tough talk and sent it plummeting

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

United statesJerome powellJoseph edwardsJames quinnMark haefeleElon muskMark cubanNature communicationsDallas mavericksMonday dallas mavericksHong kong basedChinese president xi jinpingWealth managementReserve chairman jerome powellPresident xi jinpingNovem arcae