The current week started with bitcoin strengthening. The largest digital currency was trading above $20,000 for the first time since late September. BTC strengthened by 4% to $20,092.
Altcoins were also able to partially recoup losses. Ether (ETH) rose to $1340, while Cardano (ADA) and Solana (SOL) rose to $0.43 and $34.5, respectively. Dogecoin was the most successful, adding more than 8% in value during the day.
The conditions for bitcoin and other digital currencies to rebound have been building over the past few weeks. The rise in the U.S. stock market last Tuesday was a trigger that exacerbated the volatility.