Bitcoin Steadies After Flash Crash

Bitcoin’s selloff eased Wednesday, offering some respite to holders of the volatile cryptocurrency after a flash crash a day earlier erased billions of dollars in its value.

The largest cryptocurrency by market value edged 1% lower from its 5 p.m. ET level on Tuesday to trade at about $46,287.82 apiece, according to CoinDesk. It briefly dropped 17% over the course of a few minutes on Tuesday, and ended the day down about 10%. Other digital assets have also lost steam: Ether, the second-largest, slid 2.6% was flat Wednesday.