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Bitcoin crept back over the $20,000 threshold that has been a psychological observation point since the start of the summer for investors gauging the length of the current bear market. The largest cryptocurrency by market capitalization was recently trading at about $20,300, up 5% over the past 24 hours. Bitcoin plummeted below $19,000 at one point last week before regaining ground during a Friday rally.
Ether rose even more in Monday trading along with several other major altcoins as investors seemed more receptive to risk. The second largest cryptocurrency by market cap, was changing hands at more than $1,150, a nearly 8% gain over the previous day. Among other major cryptos, SOL and SAND jumped more than 9% and 8%, respectively.
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