Bitcoin Jumps 10% After Hitting Its Lowest Level In About 2 Months As Buyers Swoop In After The Price Drop | Currency News | Financial And Business News | Markets Insider
Summary List PlacementBitcoin rose as much as 10% on Monday, as investors used last week's slide as a buying opportunity. The digital asset was last trading near $53,000 as of 03:00 a.m. ET, but had earlier dropped as low as $47,000 in early Asian trade. Some analysts said crypto investors view volatility as a good chance to rack up profits. Real Vision co-founder and former hedge-fund boss Raoul Pal said Sunday: "Corrections in a bull market are opportunities and not threats."