Investing.com - The (bitcoin) steadied Monday after plunging Friday on the rejection of an ETF linked to the pseudo-currency.
The (bitcoin) was off 0.73% at $1,221.90 at 04:15 ET. It plunged to as low as $980 on Friday.
The U.S. Securities and Exchange Commission on Friday rejected a request to list an ETF tracking Bitcoin.
The SEC said the markets for bitcoin remain "unregulated".
A verdict is due on two more requests to list bitcoin-linked ETFs.
The market is also watching for any moves by China to regulate bitcoin trading.