Cryptos bounce back after Friday’s China-fueled selloff as investors ‘buy the dip’ Cryptocurrencies staged a solid recovery Monday following Friday’s slump, when China declared all crypto-related transactions illegal in the country, intensifying its crackdown on digital assets. Bitcoin BTCUSD, +1.01% rose above $43,000 on Monday, from its Friday low of below $41,000, while ether [ETHUSD,] returned to above $3,000, after trading below $2,800 on Friday. The number of bitcoins held by long-term holders has reached a record high of 80.5%, Matt Blom, global head of sales and trading at Eqonex, wrote in a Monday note, citing data from Glassnode. Traders...