Bitcoin's wild run not over yet | Big Tech rally lifts stocks | Virgin Galactic soars 28%

While the digital token is known for its volatility, the recent turbulence is considered dramatic even by crypto's standards.

VIEW IN BROWSER | SUBSCRIBE MON, MAY 24, 2021 EVENING BRIEF AS OF MON, MAY 24, 2021 • 04:49 ET DJIA 34393.98 +0.54% +186.14 S&P 500 4197.05 +0.99% +41.19 NASDAQ 13661.17 +1.41% +190.18   Most Active DOW NAME LAST CHG %CHG AAPL 127.10 +1.67 +1.33% MSFT 250.78 +5.61 +2.29% CSCO 53.39 +0.96 +1.83% S&P 500 NAME LAST CHG %CHG F 13.06 -0.27 -2.03% AAPL 127.10 +1.67 +1.33% T 29.75 -0.26 -0.87% NASDAQ NAME LAST CHG %CHG AAPL 127.10 +1.67 +1.33% TSLA 606.44 +25.56 +4.40% AMD 77.44 +0.27 +0.35%   EDITOR'S NOTE Bitcoin's wild ride continued Monday with prices rebounding double digits from a roller-coaster weekend. While the digital token is known for its volatility, the recent turbulence is considered dramatic even by crypto's standards.   The world's largest cryptocurrency suffered a 30% one-day drop last Wednesday, falling to about $30,000 apiece. Just in mid-April, bitcoin hit a record high of $64,829. The last time bitcoin saw a decline of this magnitude was March 2020 at the height of the Covid pandemic. And even then, the trading wasn't as jarring. Bitcoin has experienced 14 down days in May alone, according to Coin Metrics. So far this year, there have been 39 days with daily swings of 5% or more in either direction, based on bitcoin's closing prices. There were 42 such days in all of 2020.   Strategists said heightened regulatory pressure as well as its technical picture are pointing to more wild trading ahead.   "The drubbing that cryptocurrencies have received over the past two weeks is just a taste of things to come," said Peter Berezin, chief global strategist at BCA Research, in a note.    On Monday, the technology sector and shares benefiting the most from the economic reopening led the advance in the stock market. The Dow Jones Industrial Average rose about 186 points. The S&P 500 gained 1%, while the Nasdaq Composite popped 1.4% as Alphabet, Facebook and Microsoft all jumped more than 2%. Yun Li | CNBC Markets and Investing Reporter @YunLi626 TOP NEWS  Dow climbs 180 points, Big Tech and reopening stocks lead gains Bitcoin rebounds after a wild weekend that took it below $32,000 Bitcoin's trading action lately is wild even by crypto's standards and the drama is not over yet Cramer sees 'one more cathartic decline' in bitcoin as a buy sign to those who missed crypto craze Nine states have 70% of adults at least partially vaccinated against Covid as U.S. cases, deaths fall further Fed's Lael Brainard pushes digital dollar as central bank currency race heats up Virgin Galactic stock jumps after successful weekend spaceflight test Mutual funds are beating the market this year. Here are their favorite stocks Peloton to invest $400 million to build its first U.S. manufacturing facility in Ohio Gottlieb says there's growing circumstantial evidence that Covid may have originated in a lab   TOP VIDEO Watch CNBC's full interview with Liberty Media's John Malone on WarnerMedia-Discovery deal   CNBC PRO Wall Street banks reveal how to trade the $60 trillion long-term 'green' trend   SPECIAL REPORTS Retirees worried about inflation may want to consider adding this investment to their portfolio The 'stars and moon are aligning' for one of the market's most volatile stocks, chart analyst says   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS