SINGAPORE (Reuters) – Cryptocurrencies traded firmly on Monday, having rebounded from promoting pushed by an intensifying crackdown on the asset class in China, as buy-the-dip speculators swooped in.
Bitcoin was up about 1% in Asia commerce at $43,719, having fallen to simply under $41,000 within the wake of Friday’s announcement of a blanket ban on crypto mining and transactions in China – probably the most wide-ranging clampdown but.
Rival token ether rose 2% to $3,136 and has recouped its Friday losses.
Reporting by Tom Westbrook; Editing by Muralikumar Anantharaman
