Wall Street’s main market gauges finished in the green on Monday, after a weekend of wild gyrations in Bitcoin, and with traders wary that losses might ricochet against other segments of financial markets.
Over the weekend, Bitcoin fell from $38,000 to $31,000, before bouncing back to $38,563.79 at last count, according to Coindesk.
The selling pressure was not yet spilling over into other asset classes, although that could change upon a clean break below $30,000, according to Oanda’s senior Asia Pacific market analyst Jeffrey Halley.
