Trading below $20,000 over the weekend, bitcoin rose over 10% on Monday to retake this level. The cryptocurrency opened the week mainly in the green, as bulls bought into the weekend decline. ETHrose almost 15% in today’s session.
Bitcoin rebounded from its recent decline earlier in the week as prices traded above the $20,000 level again.
After hitting a low of $19,232.30 during Sunday’s session,.BTC/USD rose to an intraday high of $20,913.32 on Monday.
The rally saw the world’s largest crypto token regain momentum after falling over the weekend to its lowest level since December 2020.