Bitcoin’s price smoothed out on Saturday, reaching an uneasy plateau of $5,400 f ...

... ollowing a week of catastrophic losses during the coronavirus pandemic.

Global markets hit historic lows this week—on Thursday, the Dow Jones index, fell 10%, the most in a single day since 1987. Asian and European markets met similar fates. The crashes hit the crypto economy hard, cutting Bitcoin’s price in half in just a few days—to lows of $4,107—its biggest slump in over a year.

Stock markets rebounded on Friday, recouping some—though not all—of their losses. So did the price of Bitcoin. Yesterday, its price hovered around $5,400, and today… it hasn’t deviated much; a welcome breather while the world’s traders take a well-deserved weekend break.