The global crypto market cap saw a rise of 3.79 percent in the last 24 hours.
Cryptocurrencies appeared to be rebounding from last week's fall, with tokens like as Avalanche rising and Bitcoin remaining over $20,000.
On Monday, Avalanche gained up to 9.7%, outperforming cryptocurrencies like as Chainlink, Polkadot, and Polygon.
Following a difficult week in which Bitcoin fell below $20,000 for the first price since late 2020.
According to a report issued on Monday by Marcus Sotiriou, an analyst at GlobalBlock, "a macro bottom, or temporary bottom, might be imminent."
He claims that altcoins have not experienced the same "cascade in liquidations" as Bitcoin and Ether, which are largely utilised as collateral for leveraged bets.
Celsius Network Ltd., the embattled crypto lending platform, said Monday that it needed additional time to reestablish its liquidity and operations after freezing deposits earlier in June.