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Ether, the world s second most popular cryptocurrency, rose from less than $1,800 on Sunday to over $2,400 on Monday. It was trading around $2,425 at 8:31 a.m. ET – up 17.9% over 24 hours and with a market cap of around $281 billion, according to CoinDesk.
Elsewhere, dogecoin also showed signs of recovery, with its price rising from 24 cents on Sunday to 34 cents on Monday.
Broadly speaking, the crypto market was a sea of green on Monday, with just a few lesser-known coins down in the previous 24 hours.
Last week s crypto sell-off came after authorities in China and the U.S. moved to tighten regulation and tax compliance on cryptocurrencies.
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