Market Wrap: Bitcoin Rebounds to ,400 After Flash Crash as Ether Closes In on 0 – CoinDesk – CoinDesk

Market Wrap: Bitcoin Rebounds to $11,400 After Flash Crash as Ether Closes In on $400 – CoinDesk – CoinDesk

Cryptocurrencies are working their way back Monday after Sunday’s big flash crash.

A bullish run for bitcoin past $12,131 was interrupted Sunday, as bitcoin endured a sudden drop, losing over $1,400 within a brief period of time.

“The market had rallied strongly from $9,000 to over $12,000,” said Rupert Douglas, head of institutional sales for crypto brokerage Koine. “The reaction down…

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