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Bitcoin, Ether, memecoins steady after tumbling in crypto rout

Bitcoin, the largest cryptocurrency by market value, traded at about $35,350 as of 12:05 p.m. in Singapore.

Photo: Bloomberg
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Photo: Bloomberg

Stacy-Marie Ishmael and Katie Greifeld | Bloomberg
The selling pressure in the global crypto market eased Monday after massive declines across digital tokens last week. 

Bitcoin, the largest cryptocurrency by market value, traded at about $35,350 as of 12:05 p.m. in Singapore. It touched a low of $34,042.77 over the weekend, a loss of more than 50% from its all-time high in November. 

Hawkish monetary policy signals from the Federal Reserve as well as fresh regulatory hints by the White House and the threat of an outright mining and trading ban in Russia have whipsawed digital coins. Declines in Ether -- the second-largest token -- and in

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First Published: Jan 24 2022 | 2:26 PM IST

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