Bitcoin rebounds above $63,000 after 18% plunge last week. Has the crypto selloff run its course? What next?

Bitcoin was stable in early Asian trading on Monday after recovering some of its recent losses. The cryptocurrency had fallen below $60,000 late last week — its lowest level since Donald Trump’s 2024 reelection.

On Monday, Bitcoin was up as much as 3.8% to nearly $64,200. It was trading around $63,000 at 9:45 am in Singapore. Ether, the second-largest token, was more than 3% firmer at around $1,680.