Cryptocurrency prices turned upward during Monday's trading, following a sharp decline and significant losses incurred at the end of last week.
Cryptocurrencies have recovered significantly as trade tensions between the United States and China have eased, helping to improve investor appetite for riskier assets.
Bitcoin rose 2.1% to trade at $111,305, after falling below $106,000 at the end of last week.
The world's most popular digital currency, and the largest by market capitalization, accounted for approximately 58.8% of the total value of the cryptocurrency market.
Bitcoin hit an all-time high on October 6, exceeding $125,000, before retreating due to corrections and profit-taking.
As for other cryptocurrency prices, the price of Ethereum, the second-largest cryptocurrency by market capitalization, rose by about 2% to $4,068.45.
Ripple saw a strong rally, rising more than 5% to trade at $2.4712.
The global market capitalization of cryptocurrencies reached $3.77 trillion, while the total trading volume over the past 24 hours reached $165 billion.
The cryptocurrency Fear and Greed Index rose to 30 points within the fear range, compared to 27 points in Sunday's reading, reflecting a slight improvement in investor confidence.
According to Binance, cryptocurrency performance varied in October, with prices tending to rise on certain days, such as October 9, 20, and 28, by up to 71%.
