Bitcoin above $20,000 for first time in a week

On Tuesday, the Bitcoin crossed the $20,000 level for the first time in nearly a week, as cryptocurrencies rebounded, along with other risk-sensitive assets, in Asian trading.

According to Reuters, Bitcoin, the largest cryptocurrency by market capitalization, rose more than 5% to $20,286. Ether, the second largest cryptocurrency, rose 4% to a one-week high of $1,389.

Meanwhile, the US dollar fell slightly after hitting new highs on Monday.