Bitcoin Recovers Beyond $20,000 While Ether, Major Altcoins See Bigger Gains on the Day

The struggle to generate momentum continued for Bitcoin as well as the wider cryptocurrency market on Monday as prices traded flat on the day with no major developments to give crypto traders a spurt in mood. That said, the value of Bitcoin has witnessed an improvement of 2.72 percent in the last 24 hours with its price continuing to move back beyond the $20,000 (roughly Rs. 15.97 lakh) mark across global exchanges, while Indian exchange CoinSwitch Kuber values BTC at $20,199 (roughly Rs. 16.13 lakh), 1.36 percent higher than yesterday.

On global exchanges like CoinMarketCap, Coinbase, and Binance, the price of Bitcoin stands at $20,406 (roughly Rs. 16.3 lakh), while CoinGecko data shows that BTC's value is currently 4.4 percent lower than where it stood last Tuesday.

Ether on the other hand, has had a strong showing over the past day after witnessing a sudden influx of buying pressure after the recent sell-off. As things stand, Ether is valued at $1,535 (roughly Rs. 1.22 lakh) on CoinSwitch Kuber while values on global exchanges see the crypto's value at $1,570 (roughly Rs. 1.25 lakh), where the cryptocurrency's value has gained 7.96 percent over the past 24 hours.