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Bitcoin steadies after biggest three-day tumble in over two years

Bitcoin hit a five-week low of $944.36 on Saturday

Reuters  |  London 

Bitcoin regained its footing on Monday, having suffered its heftiest falls since early 2015 between Thursday and Saturday as investors sold the digital currency on worries about its future. Having soared to an all-time high of $1,350 on the Bitstamp exchange on March 10, on speculation that regulators could approve the first US bitcoin exchange-traded fund the following day, the digital currency then slipped back. Its falls began accelerating on Thursday and it hit a five-week low of $944.36 on Saturday. But bitcoin recovered a little on Sunday and built on those gains on ...

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First Published: Tue, March 21 2017. 00:34 IST