Major cryptocurrencies, including Bitcoin and Ethereum, have enjoyed a hefty run-up over the past 24 hours.
Crypto markets saw a sudden upward movement in the early hours on Tuesday as the price of Bitcoin (BTC) has once again reclaimed the $20,000 level.
The leading cryptocurrency, which was trading below $19,000 on Monday, is up 6.4% over the past day, currently changing hands at a 10-day high of $20,199, according to data from CoinGecko.
While investors hope the latest price action will signal a new bull run, this is still a far cry from the asset'S all-time high of over $69,000 that was recorded last November. As of today, Bitcoin has fallen by roughly 71% from its record high and is down 57% since the start of the year.
The Fear and Greed Index, a metric used by some investors to gauge the market sentiment, is currently at 20 points, which corresponds to "extreme fear."
Ethereum joins Bitcoin in uptrend
Ethereum (ETH) has also seen some positive action in the past 24 hours as...
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