Bitcoin was trading 0.27% lower early Monday morning.
Bitcoin straddled the $36,000 level early Monday morning as continued pressure from China forced volatility in the cryptocurrency markets, a published report said.
Bitcoin continued its volatility into early Tuesday morning as the cryptocurrency began the day shortly after midnight valued at $36,641, close to it's 24-hour low, Coindesk reported.
Bitcoin was volatile early Monday morning beginning the day at $36,328 before slumping to a daily low of $34,401. Shortly after 3 a.m. Eastern, the cryptocurrency was trending higher again, hitting $35,964, Coindeck reported.
The head of Qantas Airways Ltd. revealed on Monday his company would give away the largest business incentives for fully vaccinated passengers in an attempt to speed up the country’s slow vaccination rollout, a published report said.
Bitcoin gained more than 4% overnight, and as of 6 a.m. ET is trading at close to $38,000.
Bitcoin regained some footing early Monday after a weekend of tumult.
A possible new coronavirus vaccine candidate produced by Sanofi and GSK (GlaxoSmithKline) that uses the human body’s own antigens to neutralize antibody responses for people who have already recovered from the illness, has completed Phase 2 trials, the companies said Monday.