Bitcoin regained some of its crushing losses Monday, rebounding from 2018 lows and breaking a two-month downtrend. The cryptocurrency’s price jumped by 12% from Friday, its biggest intraday rise since April.
However, the digital currency trades seven days a week. Bitcoin had fallen as low as 5820.79 on Friday, but moved higher over the weekend.
Bitcoin was at $6,620.30 according to Coindesk. Other digital currencies were also up, including Ethereum, Bitcoin Cash and Ripple, also known as XRP.
Among Bitcoin-related stocks, Riot Blockchain (RIOT) initially popped but closed down 0.2% on the stock market today, Overstock.com (OSTK) rose 0.9%. Marathon Patent Group (MARA) climbed 2.3% and Bitcoin Investment Trust (GBTC) rebounded 19.3%. Get these newsletters delivered to your inbox & more info about our products & services.
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