Cryptocurrencies

Bitcoin, Ether, Memecoins Steady After Tumbling in Crypto Rout

Tokens nurse losses amid risk-off mood in speculative markets
Bitcoin drop puts decline from November record at about 50%

WATCH: The rollercoaster ride for crypto currencies continues. Su Keenan reports.Source: Bloomberg

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By stacy-marie ishmael and Katie Greifeld

January 22, 2022 at 10:03 PM UTC

Updated on

January 24, 2022 at 4:34 AM UTC

This article is for subscribers only.

The selling pressure in the global crypto market eased Monday after massive declines across digital tokens last week.

Bitcoin, the largest cryptocurrency by market value, traded at about $35,350 as of 12:05 p.m. in Singapore. It touched a low of $34,042.77 over the weekend, a loss of more than 50% from its all-time high in November.