First Mover Asia: Bitcoin, Altcoins Regain Ground After Early Weekend Spiral; Trading Volume Levels Off After an Intense Saturday

First Mover Asia: Bitcoin, Altcoins Regain Ground After Early Weekend Spiral; Trading Volume Levels Off After an Intense Saturday
Good morning. Here’s what’s happening this morning:Market moves: Investors bought up bitcoin quickly after Saturday’s sharp sell-off. Trading volume spiked on Saturday, although by Sunday it had leveled off as traders await Monday’s opening of equity markets.Technician’s take: BTC buying has been weak despite short-term oversold signals. ETH is also taking a breather and has not yet confirmed a breakout relative to bitcoin.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $49,179 +0.2%Ether (ETH): $4,153 +1.4%MarketsS&P 500: $4,538 -0.8%Dow Jones Industrial Average: $34,580 -0.1%Nasdaq: $15,085 -1.9%Gold: $1,784 +.06%Market movesBitcoin slowly recovered to…