New York (CNN) After a hype-filled week for cryptocurrencies, Bitcoin experienced a flash crash over the weekend, plunging nearly 14% in less than an hour, from about $59,000 to $51,000, on Saturday night before rebounding. Bitcoin's rapid overnight plunge is the latest indicator that the crypto market remains wildly volatile. PayPal PYPL Mastercard MA Visa V Tesla has started accepting bitcoin payments for its cars and now holds some of the digital currency on its balance sheet. Payment processors includingandare trying to streamline crypto payments on their networks. Meanwhile, Goldman Sachs will reportedly soon offer its private wealth management clients avenues to invest in bitcoin and other digital currencies and Morgan Stanley announced that it will offer its wealthy clients access to bitcoin funds.

Source: CNN April 18, 2021 15:33 UTC