The pan-European Stoxx 600 added 0.6 per cent in early trade, with basic resources climbing 1.7 per cent to lead gains

The DAX in Germany traded 1.3% higher, the CAC 40 in France rose 0.9%, and the UK’s FTSE 100 climbed 1.5%

The world's largest and most popular fell over a percent and was trading at $29,879.12

The rebound was largely due to the easing of concerns about Tether, the world's largest stablecoin network, which had dipped over 6% on Thursday amid concerns about the quality of its backing

The cryptocurrency has dropped 13% so far in May and has lost more than half its value since it hit an all-time high of $69,000 in November last year

The letter stated that Democratic Representative Huffman’s request for the EPA to increase its oversight on crypto mining was ‘premised on several misperceptions’

MSCI’s broadest index of Asia-Pacific shares outside Japan slid 1.6%, Nikkei fell 1.9%, Hang Seng fell 3%, S&P 500 futures dropped 0.8% while FTSE futures and European futures shed over 1%

The integration will seek to enhance the multichain capabilities of their stablecoin DAI, and associated Maker Vaults function, by striving to reduce transactional cost and throughput speed

The NSE Nifty 50 index settled 1.73% lower at 17,173.65 and the S&P BSE Sensex was down 2.01% at 57,166.74

FTSE 100 shed 0.4% to 7,580.69, DAX tumbled 1.3% to 14,239.24, CAC 40 dipped 1.2% to 6,567.30, the future for the S&P 500 was off 0.5% and that for the DJIA retreated 0.4%