Bitcoin and other cryptocurrencies had a roller-coaster weekend, another sign that investors are pulling back from riskier bets after last week’s stock-market selloff.
Bitcoin, the largest cryptocurrency by market value, plunged more than 20% to $42,000 at midnight Eastern Time on Saturday before bouncing back somewhat, according to data from CoinDesk. It was trading around $49,200 on Sunday evening, still down about 8% since late Friday and down about 14% since the start of the month.
