Bitcoin Fights Back After Sunday Sell-Off

Cryptocurrencies fought back on Monday, clawing back ground after a bout of weekend selling fuelled by further signs of a gathering Chinese crackdown on the emerging sector.

A representation of virtual currency Bitcoin and small toy figures are placed on computer motherboard in this illustration taken on Jan. 7, 2021. Dado Ruvic/Reuters

LONDON/SINGAPORE—Cryptocurrencies fought back on Monday, clawing back ground after a bout of weekend selling fuelled by further signs of a gathering Chinese crackdown on the emerging sector.

Bitcoin climbed as high as $37,391 after falling some 7.5 percent a day earlier, and was last up 5 percent.