Bitcoin Steadies After Flirting With Lowest of Second Trump Term

Bitcoin steadied after falling close to the lowest level since Donald Trump’s return to the White House, as some analysts said the weekend’s steep selloff has left crypto markets poised for a rebound.

The largest cryptocurrency rose as much as 3.7% to $79,284, after earlier slipping to the lowest since April 7, when global markets tumbled following Trump’s shock announcement of sweeping trade tariffs. The advance came after Bitcoin dropped almost 10% over the weekend.

“From a technical perspective, the recent drawdown is bringing price closer to attractive levels,” said Joel Kruger, a markets strategist at LMAX Group. Bitcoin ...