Bitcoin has started the week in green. At press time, the largest cryptocurrency by market cap is trading at $8,129.15 $ (+0.2%).
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has fallen to $143.84 (-0.64%), while XRP has dropped by 0.93% and is now trading at $0.213.
According to CoinMarketCap’s ranking, 6 currencies on the top 10 are in red.
On January 10, the Fifth EU Anti-Money Laundering Directive (AMLD5) came into force, replacing the previous directive and extending its provisions to participants in the virtual assets industry.
Now, crypto services providers must comply with the same legislation applied to banks and other financial institutions, including registering with the relevant national authorities.
FxPro's team of analysts say:
"Bitcoin has managed to recover to $8,100 after falling to $7,700 last week, while the total market cap has grown by $15B. The Bitcoin fear and greed index has risen from last month's Extreme Fear level to Neutral (49), reflecting the market's current positive tendency.
The increase in institutional investors' algorithmic trading will lead to sharper price changes in both directions based on technical indicators and news. On the one hand, this significantly limits the possibility for a continued growth, on the other hand, this helps to keep panic under control."
The BTC dominance index stays at 68.1%.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $216,658,845,387.
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