Markets

Crypto Reverses Early Gains, Bitcoin Dives Back to $69K

Prices had rallied early in U.S. trading on Friday alongside a soft economic data and a rebound in stocks.

A rally in cryptocurrencies was quickly snuffed out in the late morning hours in the U.S. as traders perhaps continued to take chips off the table following a big run higher over the past few weeks.

Rising to as high as $71,400, bitcoin (BTC) quickly pulled back to the $69,000 level, down nearly 1.3% over the past 24 hours. Ether <a href="https://coindesk.com/price/ethereum/" data-position="autolink" title="Ethereum Price

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