Bitcoin, cryptocurrencies rebound after a brutal week of losses

Bitcoin and other cryptocurrencies rose Monday morning, recovering some losses after a brutal week that saw the digital currency market lose hundreds of billions of dollars. 

Bitcoin was up more than 8 percent Monday at $53,720, according to Coinbase data. That restores Bitcoin’s market cap to about $1 trillion, according to Coinbase — a mark it first crossed in February. Last week, the digital currency fell below $50,000 per coin for the first time since early March, prompting concerns the crypto could be losing momentum.