What happened: Bitcoin (BTC-USD) rebounded more than 2% on Monday to hover above $63,000 as the overall market rose following last Friday's steep sell-off. What's behind the move: The world's largest cryptocurrency was recovering from sharp losses incurred last week, when the token fell below $60,000, more than 50% below its October all-time high. Over the past month, bitcoin has tumbled roughly 20%, with year-to-date losses exceeding 27%. What else you need to know: Bernstein analysts noted that bitcoin has seen significant weekly outflows from ETFs in the last four weeks. Furthermore, bitcoin inflows from treasury ... (full story)