In the latest cryptocurrency news, Bitcoin experienced significant selling pressure and volatility on Monday. The digital currency saw a sharp drop to a low of $54,337 and a high of $58,284 within the same day. Despite the turbulence, Bitcoin managed to regain some ground and closed the session at $56,764.

In the subsequent trading sessions, Bitcoin has shown signs of recovery. As of the latest update, the cryptocurrency is trading above the $57,000 mark. The recent fluctuations underscore the inherent volatility of the cryptocurrency market, reminding investors of the potential risks and rewards in this sector.