First Mover Asia: Bitcoin as Digital Gold and Inflation Hedge. Really? BTC Is Under Water, While the Metal You Can Hold Is Breathing Air; Cryptos Rebound Sunday

Ether, the second largest crypto by market cap, followed a similar price pattern, tumbling to an almost five-year low below $1,000 before rising late in the weekend. It was recently changing hands at about $1,120, up more than 13% from the previous day. Other major altcoins were well into the green with LTC and AXS up more than 17% at one point.