Bitcoin Trades Back Up to $22,000 as Regulatory Concerns Ease

  • Crypto volatility moderates after US curbs sparked swings
  • Investors are keeping an eye on shakeout in stablecoins
Photographer: Al Drago/Bloomberg
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Bitcoin hovered near $22,000 amid a bout of stability in crypto markets following a selloff sparked by worries about a US clampdown.

The largest token dipped less than 1% as of 1:10 p.m. Wednesday in Singapore. Smaller coins such as Ether, Cardano and Binance Coin were also little changed.