Bitcoin stabilized above $70,000 in Asia trading Monday following a roller-coaster ride at the end of last week.

The original cryptocurrency briefly dipped as low as $69,991 early in Singapore but was holding around $70,700 at 9:30 a.m., almost unchanged from its open. The relative calm was in stark contrast to last week’s wild swings that saw Bitcoin on Thursday plunge to $60,033, its lowest since October 2024, before rallying back above $70,000 on Friday.