Bitcoin rebounds after a wild weekend that took it below $32,000

The crypto market edged higher Monday after a week of hell during which billions of dollars were wiped off the value of bitcoin and ether.

The price of Bitcoin rebounded above the $39,000 level Monday after plummeting to less than $32,000 on Sunday.


Shares of the world’s largest cryptocurrency jumped more than 20% to $39,739.40 by 4:06 p.m. ET, according to Coin Metrics, after Tesla CEO Elon Musk and MicroStrategy CEO Michael Saylor tweeted about meeting with North American bitcoin miners about “sustainability initiatives.”