Bitcoin Returns to About $81,600 After Weekend Flash Crash

Bitcoin (BTC) hovered near $81,600 on Sunday after a sharp weekend rebound faded, capping a volatile week in which the largest cryptocurrency hit a monthly low.

The latest swing pushed BTC from $81,600 to $80,750, lifted it to $82,000 and then erased the rebound. BTC rose to $84,250 early in the week, fell to $81,000 and returned near $84,000 by Tuesday.

After September U.S. CPI data appeared slightly higher than expected, BTC fell to $82,000. It later dropped to $80,200 and reached a monthly low of $79,800 before recovering near $83,000 Friday; as the weekend began, it remained below $82,000.

Ether (ETH) dipped to $2,360 and struggled to stay above $2,400, while XRP traded below $1.30. The total crypto market capitalization stood at $2.73 trillion, down 0.2% on the day. Bitcoin's market capitalization was $1.63 trillion, and its dominance was 60%.

XRP had touched $1.27 during the Oct. 17 flash crash.