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Investing.com - Bitcoin prices rallied to trade above the $400-level on Monday, as speculators returned to the market amid bullish chart signals.

Bitcoin (BTC/USD) touched a session high of $415.00 on Slovenia-based BitStamp earlier in the day, before trimming gains to last trade at $406.60 during U.S. morning hours, up $18.37, or 4.73%.

The price of a bitcoin on Bulgaria-based BTC-e climbed $18.57, or 4.87%, to trade at $400.07, while prices on Singapore-based itBit tacked on $15.11, or 3.89%, to trade at $404.00.

According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, prices of the crypto-currency rallied 4.18%, or $16.22, to trade at $404.78.

Bitcoin prices have been well-supported in recent days as investors returned to the market amid bullish chart signals.

Prices of the virtual currency are up nearly 22% since hitting a recent low of $317.80 on November 1.

The price increase has been accompanied by a rise in trading volume and coincides with the recent crackdown of U.S. and European authorities against illegal websites operating on the so-called Tor network, such as online drug marketplace Silk Road 2.0.

Meanwhile, euro-denominated Bitcoin prices (BTC/EUR) inched up 11.00, or 3.53%, to trade at 322.52 on U.S.-based Kraken Exchange.

Elsewhere, yuan-denominated Bitcoin prices on Shanghai-based BTC China advanced 101.29 yuan, or 4.28%, to trade at 2,467.01 yuan, while prices on Beijing-based OKCoin increased 101.57 yuan, or 4.29%, to trade at 2,469.00 yuan.

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Bitcoin climbs 5% to trade back above the $400-level