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Bitcoin fell as much as 22% to just under $42,000 on Saturday on a combination of profit-taking and macro-economic concerns, but rebounded somewhat later in the session, with thin weekend liquidity exacerbating price moves.
Cryptocurrency analysts were not quite sure what triggered the heavy selling.
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U.S. and European share futures jumped on Wednesday, oil rose and Asian stocks were heading for their best day in nearly two months as traders reversed course after a sharp selloff the day before took the regional benchmark to a 12-month low.
2/2 © Reuters. FILE PHOTO: Syringes with needles are displayed in front of a graphic stock and the words “Omicron SARS-CoV-2” are seen in this illustr
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