The digital unit was sent crashing to almost $30,000 at one point, less than half its record high reached last month, in reaction to Beijing's warning that it would not be allowed for transactions.
"Sure, a five percent pullback below 4,000 is quite possible -- and more likely probable, in that the narrative of the past week was to sell on the earnings news, regardless of the blowout numbers crossing the tape."
US Treasury yields were lower as investors sought out the safe haven -- yields go in the opposite direction to prices -- providing respite from a recent increase that had led to worries about a hike in interest rates from the record lows that have been a key pillar of support to a year-long equity rally.