Bitcoin bounces $700 in less than three hours, capping wild weekend that brought it below $7,400

  • Bitcoin dropped nearly 7 percent towards $7,000 Sunday following reports that Twitter will follow Google and Facebook’s lead in banning cryptocurrency ads.
  • It then recovered, rallying $700 in less than three hours Sunday evening.
  • Twitter is reportedly preparing to ban advertising for cryptocurrencies, according to Sky News.
  • The reported move would follow similar bans from tech giants Google and Facebook.

Bitcoin prices rallied back by more than $700 in less than three hours during late Sunday trading, capping off a wild weekend that saw the digital currency plunge through $8,000 and even near the $7,000 level.

Prices are still off by 15 percent in the last 7 days, according to Coinbase.

Digital cryptocurrencies, Bitcoin, Ripple, Ethernum, Dash, Monero and Litecoin.

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